A bond with a coupon rate of 10% and a price of $1005 just yesterday paid a coupon. A total of 21 coupons remain to be paid. Suppose you buy the bond at todays price, hold it and receive 6 coupons, and then sell the bond. If at the time you sell the bond its YTM has decreased by 0.5% find the bond selling price and the annual rate of return throughout the investment horizon. Select one: a. 8.62% b. 11.61%

Select one:

a. 8.62%

b. 11.61%

c. 9.92%

d. 12.41%

e. 10.69%