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A new issued ten-year maturity bond with coupon rate of 10% is selling at par ($1,000). If interest rate rise will rise from 10% to
A new issued ten-year maturity bond with coupon rate of 10% is selling at par ($1,000). If interest rate rise will rise from 10% to 15% after one year of purchasing the bond, what's the bond's rate of return at the end of the first year of purchasing?
A) 15.50%
B) -15.50%
C) -23.86%
D) -13.86%
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