A bind had a proce of $945.74 at the beginning of the year and a price of $977.92 at the end of the year. The bond's par value is $1000 and its coupon rate is 4.7 percent. What was the percentage return on the bond for the year?

A bond had a price of $945.74 at the beginning of the year and a price of $977.92 at the end of the year. The bond's par value is $1,000 and its coupon rate is 4.7 percent. What was the percentage return on the bond for the year? Multiple Choice 8.37% 4.81% 3.29% 7.33% 8.93%