LG1 P8-1 Total rate of return You buy a 10-year bond at par ($1,000) that pays $30 in interest once a year. You hold the bond for one year and collect the first coupon payment. By that time, the market's required return on the bond has risen from 3% to 4%, so the bond's price is $925.65. What is your total return for the year?

P8-1 Total rate of return You buy a 10-year bond at par ($1,000) that pays $30 in interest once a year. You hold the bond for one year and collect the first coupon payment. By that time, the market's required return on the bond has risen from 3% to 4%, so the bond's price is $925.65