An investor purchased a bond $45$ days ago for $$895.$ They received $$12$ in interest and sold the bond for $$893.$ What is the holding period return on their investment?

Question $8$Answer

a$.$

$0\mathrm{.}08\%$

b$.$

$0\mathrm{.}01\%$

c$.$

$1\mathrm{.}12\%$

d$.$

$0\mathrm{.}50\%$

e$.$

$1\mathrm{.}52\%$