An Australian company bond matures in 15 years and has a face value of $24,000. Current purchase price of the bond is $ 20,000. The bond has semi-annually compounded coupon payments at a 20% nominal (annual) interest on its face value each 6 months. If the bond is purchased now, what is the yield (i) to the person who holds the bond for 15 years? ( Hint: You can use trial by error method and start with Yield (6 months)=10% ) ( Hint 2: Yield (6 months) should be between %10 and %15).