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Rachel McGovern bought a 20-year bond for $880.77 four years ago. The bond pays a coupon of 10 percent semiannually. Today, the bond is priced
Rachel McGovern bought a 20-year bond for $880.77 four years ago. The bond pays a coupon of 10 percent semiannually. Today, the bond is priced at $961.92. If she sold the bond today, what would be her realized yield? (Round to nearest percent.)
Answer choices:
A) 13%
B) 17%
C) 6.6%
D) 18%
E) 10%
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