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6. Given a 7-year investment horizon, calculate the Total Return for $1,000 face value of the bond (semiannual pay) in the following scenario: Coupon: 8%,

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6. Given a 7-year investment horizon, calculate the Total Return for $1,000 face value of the bond (semiannual pay) in the following scenario: Coupon: 8%, Initial YTM: 9%, Maturity: 12 years, Initial Price = 927.52, Coupons are projected to be reinvested at a rate of 10%, and at the end of the 7-year horizon the bond will sell at a YTM of 11%. What is the Total Return for this scenario over the investment horizon? a) 10.78% b) 9.78% c) 8.58% d) 7.52%

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