Bill buys a 20-year 1,000 par value bond with semi-annual coupons paid at an annual rate of 8%.The price assumes a nominal yield of 8%, compounded aemi-annually. As Bill receives each coupon payment, he immeditely puts the money into an account earning interest at an annual effective rate of i. At the end of 20 years, immediately after Bill receives the final coupon payment and the redemption value of the bond. Bill has earned an annual effective yield of 10.37% on his investment in the bond. Calculate i.

A. 8.87%

B. 10.45%

C. 12.36%

D. 14.41%

E. 16.28%

estion pol ya 101.000 le bond watcoupont of the prices on comoded in one on cinerestato annut 20 year and the end of the bond SALT 10.45 OC 13.30 OD 10 OL16