Suppose that you just bought a$$ four$-$year $$$$1$ comma $000$ coupon bond with a coupon rate of $5\%$ when the market interest rate is $5\%.$ You sell the bond one year later after the market interest rate falls to $3\%.$

Part $2$

The rate of return earned on the bond during the year was

$$

enter your response here$\%.($Round your response to two decimal$$ places.$)$