4. A bond is selling for $934.74. The coupon rate is 8%. It has ten-years untill maturity, with semi-annual compounding.

1. For the bond in problem 4, assume that the re-investment/interest rate has changed to 10%. Calculate the realized compound yield at a re-investment rate of 10%. If an investor wanted to maximize the rate of return, what would you advise the investor to dosell or hold the bond? Why?

(please don't use Excel formulas)