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Shawna Carter wants to invest her recent bonus in a five-year bond that pays a coupon of 11 percent semi-annually. The bonds are selling at

Shawna Carter wants to invest her recent bonus in a five-year bond that pays a coupon of 11 percent semi-annually. The bonds are selling at $962.13 today. If she buys this bond and holds it to maturity, what would be her yield?

11.8%

12.2%

12.03%

11.5%

Please show calculation with financial formulas. Do not use financial calculator or excel. Only financial formulas.

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