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005 You are considering buying a bond. The bond has a current price of $920, a coupon rate of 8% paid semiannually, a par value

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005 You are considering buying a bond. The bond has a current price of $920, a coupon rate of 8% paid semiannually, a par value of 1,000, and a maturity of 20 years. You plan to hold the bond for only 4 years, that is, to sell the bond at the end of year 4. You expect the interest rate for the bond at the time of sale to be 7%. What is your expected rate of return from this investment? Select one: a. 12.51% x b. 13.7% C. 12.94% 6 d. 12.12%

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