Kamal purchased a bond selling at its face value of Rs 1,000. The bond has five years to maturity and a 10% coupon rate. The bond was called two years later for a price of Rs 1,160, after making its…

Kamal purchased a bond selling at its face value of Rs 1,000. The bond has five years to maturity and a 10% coupon rate. The bond was called two years later for a price of Rs 1,160, after making its second annual interest payment. Kamal then reinvested the proceeds in a bond selling at its face value of Rs 1,000, with three years to maturity and a 7% coupon rate. What was Kamal's actual yield-to-maturity over the five-year period?