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You purchased a newly issued bond with 30 years to maturity, 3.75 percent coupon rate...

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Finance

You purchased a newly issued bond with 30 years to maturity, 3.75 percent coupon rate with annual coupon payments, and a face value of $1,000 one year ago. When you made the purchase, your required return on the bond was 4.75 percent. Today, you sold the bond after you received the latest coupon payment. If the required return on this bond was 3.25 percent when you sold it, how many percent was your annual holding period return from the bond investment?

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