B) False 10. Today, you purchase a 12-year, 5.5% coupon bond with semi-annual payments and a $100 par value. The bond is rated A, and you note that A bonds are selling at a credit spread of 175 basis points above Treasuries. Comparable Treasury securities have a yield-to-maturity of 4.4%. 3 years from now, you sell the bond. At the time you see the bond, it is still A and credit spreads have remained constant. However, at that time, comparable Treasuries have a yield-to-maturity of 6.8%. What was the internal rate of return for the holding period of the bond? A) 4.12% B) 0.54% C) 1.15% D) 2.25%