Consider a bond with annual coupon payments. You purchased the bond when it was originally issued.

Immediately afterwards, the YTM changed and remained at this new level indefinitely. Today, at the end of

year 4 (immediately after the 4th coupon payment), your bond investment has the following

characteristics:

Total Interest (Coupons) = $5476.75

InterestonInterest (I2) = $1,047.89

Capital Gains= $759.06

Realized Return(annual)= 13.7739%

State rates as a percentage with 6 digits after the decimal point. Please, calculate the following:

a. YTM at the end of Year 4

b. Realized yield (annual) at the end of Year 8

c. Realized return as of the end of year 10 ( after the 10th payment) (ANSWER 12.585452%)