Classic Furniture of North Carolina, Inc. issued a 30-year bond with a coupon rate of 4.5% paid annually, and a yield to maturity of 7%. What rate of return will the investor earn who purchases the bond for $750.61 and holds it for a year if the bonds YTM at the end of the year is 8.25%? (Hint: calculate the price of the bond a year from the purchase at the new YTM then calculate the rate of return.)