Kim paid $996.54 for a bond one year ago with a yield to maturity of 8.25% and a coupon rate of 6.75%. Today, the bond is worth $1000.95. What was Kim's total percentage return over the past year?
Multiple Choice
a. 8.25%
b. 6.75%
c. 0.44%
d. 7.22%
e. 2.38%
