10. Uncle Jim purchased a bond today with a 14-year maturity and a yield to maturity (YTM) of 9%. The coupon rate is 10% and coupons are paid annually. The par value is $1,000. Uncle Jim is going to hold this bond for 2 years and sell the bond at the end of year 2 . The bond's yield to maturity will change to 10% at the time when Uncle Jim sells the bond. Assume coupons can be reinvested in short term securities over the next 2 years at an annual rate of 7%. What is Uncle Jim's annual return on this bond investment? A. 5.82% B. 8.91% C. 11.98% D. 14.24% B. None of the above