Suppose that you just bought a$$ four$-$year $$$$1$ comma $0001,000$ coupon bond with a coupon rate of $6\mathrm{.}76\mathrm{.}7\%$ when the market interest rate is $6\mathrm{.}76\mathrm{.}7\%.$ You sell the bond one year later after the market interest rate falls to $4\mathrm{.}74\mathrm{.}7\%.$

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.$)$