A bond had a price of $1,946.05 at the beginning of the year and a price of $1,979.47 at the end of the year. The bond's par value is $2,000 and its coupon rate is 5.2 percent. What was the percentage return on the bond for the year?

Multiple Choice

• 5.25%

• 1.69%

• 7.06%

• 6.18%

• 7.53%