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3 years ago you bought a bond at $900. At the time of the purchase, the bond had a coupon rate of 8% paid semiannually,
3 years ago you bought a bond at $900. At the time of the purchase, the bond had a coupon rate of 8% paid semiannually, a par value of $1000, and a maturity of 10 years. If you sell the bond at the current price of $1050, what is your realized rate of return from this investment?
A 13.57%
B 16.0%
C 7.99%
D 9.02%
E 6.79%
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