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Two years ago, the price of a bond was $ 1 , 1 9 6 . 5 4 , and one year ago, the price

Two years ago, the price of a bond was $1,196.54, and one year ago, the price of the bond was $1,227.87.
Over the past year, the bond paid a total of $136.72
in coupon payments, whlch were Just pald. If the bond is currently priced at $1,186.34 then what was the rate of return for the bond over the past year (from 1 year ago to today)? The par value of the bond Is $1,000.
1244%(plus or minus 0.02 percentage points)
13.00%(plus or minus 0.02 percentage points)
O 7.75%(plus or minus 0.02 percentage points)
None of the other altematives are within 0.02 percentage points of the correct answer
11.98%(plus or minus 0.02 percentage points)

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