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You purchased a bond at a price of $ 1 , 4 0 0 . In 2 5 years when the bond matures, the bond

You purchased a bond at a price of $1,400. In 25 years when the bond matures, the bond will be worth $10,000. It is exactly 17 years after you purchased the bond and you can sell the bond today for $7,300. If you hold the bond until it matures, what annual rate of return will you earn from today?
Multiple Choice
3.6 percent
4.0 percent
8.2 percent
10.2 percent
4.5 percent
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