A 10-year bond is first issued with a 9.25% coupon on a day where the market's fair rate of return for bonds of similar risk is also 9.25%. Assume that one year after the bond is issued, the fair market rate has fallen to 8.00%. In this circumstance, what is the overall percentage return for an investor who bought the bond on issue day and sold it one year later? (Assume Annual Coupons) 17.05% 13.25% 15.91% 12.63% 18.10%

A 10-year bond is first issued with a 9.25% coupon on a day where the market's fair rate of return for bonds of similar risk is also 9.25%. Assume that one year after the bond is issued, the fair market rate has fallen to 8.00%. In this circumstance, what is the overall percentage return for an investor who bought the bond on issue day and sold it one year later? (Assume Annual Coupons). 17.05% 13.25% 15.91% 12.63% 18.10%