Bond X is noncallable and has 30 years to maturity, an 11%
annual coupon, a $1,000 par value, and currently selling for
$1,100; if you buy it, you plan to hold it for 10 years. You (and
the market) have expectations that in 10 years, the yield to
maturity on a 20-year bond with similar risk will be 9.0%. If you
decide to purchase the bond today and sell it after 10 years, what
is your required return on Bond...