You bought a yen-denominated corporate bond at the beginning of the year for Yen100,000. The bond paid 3.5 percent annual interest and was trading for Yen 120,000 at year-end. The exchange rate was $1 = Yen 100 at the beginning of the year and $1 = Yen 125 at year-end. What holding period return, measured in U.S. dollars, did you earn on the bond?