Question: Question 16 10 pts Your client bought a $1000 face value bond with 20-years remaining to maturity for $789. The bond pays a semi-annual coupon

Question 16 10 pts Your client bought a $1000 face value bond with 20-years remaining to maturity for $789. The bond pays a semi-annual coupon at 9% APR compounded semiannually. However 3 years later just after receiving his oth semiannual coupon payment, he sold the bond for $765. What was his realized yield for realized return) stated as an APR with seni anal compounding? Enter rate in decimal form counded to fourth digit. 20.1234

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