A 15 year bond issued today by Carris, Inc. has a coupon rate of 7%, a required return of 5% and a face value of $1000. The bond will be sold 4 years from now when interest rates will be 8%. What is the actual rate of return (or holding period return) over this 4 year period? Round to the nearest percent. (This will be easier to answer if you've already answered the other two questions regarding the Carris bond.)

A.-12.50%

B.78.12%

C..084%

D.3.67%