Problem $2-3$

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An investor bought $10$ Ellis Industries, Inc. long$-$term bonds one year ago, when they were first issued by the company. In addition, he bought $200$ shares of the company's common stock at the same time for $$30$ per share. He paid $$1,000$ each for the bonds, and today, the bonds are selling at $$970$ each $($long$-$term interest rates have increased slightly over the past year$).$ The bonds have a stated interest rate of $12$ percent per year. The investor received an interest payment equaling $$60$ per bond six months ago and has just received another $$60$ per bond interest payment. Calculate the investor's percentage holding period return for the one year he has held the bonds. Round your answer to the nearest whole number.

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