Paul purchased a bond 5 years ago for $760.65. The 20 year bond has a face value of 1000. The coupon rate is 0.685 percent p.a. compounded quarterly. Assume comparable bond has 5.5% promised return. Paul wants to sell the 20 year bond at the current price of $880.39. What is the realised yield on the bond p.a.?

a). 1.95%

b). 3.11%

c). 2.23%

d). 3.78%

e). 2.76%