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A 12-year, 4.4 percent coupon bond has a yield to maturity of 5.6 percent. A portfolio manager will buy this bond and will hold it

A 12-year, 4.4 percent coupon bond has a yield to maturity of 5.6 percent. A portfolio manager will buy this bond and will hold it for 4 years and sell after 4 years. In 4 years, the yield to maturity on this bond is expected to be 4.8 percent. Calculate the estimated annualized return based on these predictions.

		A. 0.068368
		B. 0.0712
		C. 0.06923
		D. 0.067235

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