Manning purchased a $100 par value bond with 4% annual coupons, maturing in 12 years, and redeemable at par. He bought the bond at a premium to yield 3% per annum. One year later, just after the first coupon is paid, the bond was called in at $108. What was Manning's rate of return on this investment? Possible Answers A 1.80% B 1.82% 1.84% D 1.86% E 1.88%