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Jorge Cabrera paid $980 for a 15-year bond 10 years ago. The face value of the bond is $1,000. The bond pays a coupon of
Jorge Cabrera paid $980 for a 15-year bond 10 years ago. The face value of the bond is $1,000. The bond pays a coupon of 8 percent semi-annually. Today, the bond is priced at $1,254.36. If he sold the bond today, what would be his realised yield? (Round to the nearest percent.)
Group of answer choices
13%
12%
9%
11%
10%
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