2. An accountant friend purchased a bond one year ago that had nine years remaining to maturity at that time. The coupon rate was 10%, paid annually and the par value was $1,000. At the time of purchase, YTM was 8%. If he sold the bond after receiving the first interest payment and the yield to maturity continued to be 8%. What is his annual total rate of return on holding the bond for that year? (4 Points)