The yield-to-maturity on a bond is the interest rate you earn on your investment if interest rates do not change. If you actually sell the bond before it matures, your realized return is known as the holding period yield. Suppose that today, you buy a 12 percent annual coupon bond for $1,000. The bond has 12 years to maturity. Two years from now, the yield-to-maturity has declined to 10 percent and you decide to sell. What is your holding period yield?

Group of answer choices

11.84 percent

12.49 percent

14.98 percent

16.32 percent

17.65 percent