What is the total rate of return of a bond if your investment horizon is 2 years, you are expected to reinvest coupons at 6% and your expected Yield To Maturity on the sale of the bond is 7% at the end of two years?
Coupon 4.5%
YTM 5%
Maturity 5
Par 100
Price 100
Frequency: (Semiannual)