Question: Gary Busey buys the Bond below: Coupon = 6 . 0 % , paid ANNUALLY ( once per year ) Face Value = $ 1

Gary Busey buys the Bond below:
Coupon =6.0%, paid ANNUALLY (once per year)
Face Value = $1,000
Purchase Price = $1,000
Maturity =5-years
He plans on reinvesting all the coupon payments. If interest rates rise to 9.0% right after Gary purchases the bond, what is the realized return on Gary's investment if he holds the bond until it matures?
Group of answer choices
5.37%
7.64%
6.33%
6.64%
5.47%

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