1 18. Clarence Booth bought a 5 percent coupon bond at par when it was issued on January 1, 2010. The bond matures at the end of 2019, but he plans to sell this bond at the end of 2017 when he expects rates to be 7 percent. If Booth can reinvest cash flows at 3 percent, his anticipated return on this bond investment is closest to: A. 3.4 percent. B. 4.0 percent. C. 4.4 percent. D. 5.0 percent