You purchase a 8-year bond at $474 per $1000 par value that pays a 7.7% coupon per annum. Further assume that bond pays coupon Quarterly, and coupons can be reinvested at 2.9% Quarterly for first 4 years. The yield to maturity of a 4 years of comparable bond after 4 years is 7.7%. If you hold the bond for 4 years, what will be your total return?

Please write the answer in four decimal places and NOT PERCENTAGE.