Five years ago,Peter Pander bought a 10-year bond that pays 8 percent semi-annually for $981.10.It has a face value of $1,000.Today,he sold it for $1,067.22.What is the realised yield on his investment?
A) 6.41%.
B) 4.78%.
C) 8.72%.
D) 9.56%.
Correct Answer:
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