Fe XXV and Fe XXVI Diagnostics of the Black Hole and Accretion Disk in Active Galaxies: Chandra Time-Resolved Spectroscopy of NGC 7314

We report the detection of Fe XXV and Fe XXVI $K\alpha$ emission lines from a Chandra HETGS observation of the Seyfert~1 galaxy NGC 7314, made simultaneously with RXTE. The lines are redshifted (cz ~ 1500 km/s) relative to the systemic velocity and unresolved. We argue that the lines originate in a near face-on (<7 degrees) disk having a radial line emissivity flatter than r^-2. Line emission from ionization states of Fe in the range ~Fe I up to Fe XXVI is observed. The ionization balance of Fe responds to continuum variations on timescales less than 12.5 ks, supporting an origin of the lines close to the X-ray source. We present additional, detailed diagnostics from this rich data set. These results identify NGC 7314 as a key source to study in the future if we are to pursue reverberation mapping of space-time near black-hole event horizons. This is because it is first necessary to understand the ionization structure of accretion disks and the relation between the X-ray continuum and Fe K line emission. However, we also describe how our results are suggestive of a means of measuring black-hole spin without a knowledge of the relation between the continuum and line emission. Finally, these data emphasize that one {\it can} study strong gravity with narrow (as opposed to very broad) disk lines. In fact narrow lines offer higher precision, given sufficient energy resolution.