You have 10 years until you need to take your money out of your investments to make a planned expenditure. Right now bonds are promising a 3% return. You buy a 10-year duration bond. After you buy the bond, interest rates fall to 2% and stay there for the full ten years. You reinvest the coupons and earn 2%. You sell the bond after ten years.

O Your realized return will be more than the originally promised 3%

O Your realized return will be less than the originally promised 3%

O Your realized return will be equal to the originally promised 3%

O You don't have sufficient information to infer what your realized return will be

O None of the above