Paul purchased a bond 5 years ago for $760.65. The 20 year bond has a face value of 1000. The coupon rate is 0.685 perce

[answerhappygod]

Paul purchased a bond 5 years ago for $760.65. The 20 year bond
has a face value of 1000. The coupon rate is 0.685 percent p.a.
compounded quarterly. Assume comparable bond has 5.5% promised
return. Paul wants to sell the 20 year bond at the current price of
$880.39. What is the realised yield on the bond p.a.?
a). 1.95%
b). 3.11%
c). 2.23%
d). 3.78%
e). 2.76%