Question 1) A bond with maturity in 12 years and $100 face value pays quarterly coupons and has a coupon rate of 12%. The first coupon payment will be made exactly 3 months from today and the last coupon payment, along with the repayment of the face value of the bond, will be made exactly 12 years from today. The current price of the bond is $106.48. What is the bond's yield? Round all intermediate calculations to 6 decimal points. Your final answer should be within 0.1% of the correct answer choice. 1) 11.58% 2) 11.25% 3) 13.18% 4) 11.02% Question 1) A bond with maturity in 12 years and $100 face value pays quarterly coupons and has a coupon rate of 12%. The first coupon payment will be made exactly 3 months from today and the last coupon payment, along with the repayment of the face value of the bond, will be made exactly 12 years from today. The current price of the bond is $106.48. What is the bond's yield? Round all intermediate calculations to 6 decimal points. Your final answer should be within 0.1% of the correct answer choice. 1) 11.58% 2) 11.25% 3) 13.18% 4) 11.02%