Question: Greetings, I've tried this problem several times and am missing a step. Don't know where I'm going wrong. Any help is greatly appreciated. Thx for

Greetings,

I've tried this problem several times and am missing a step. Don't know where I'm going wrong. Any help is greatly appreciated. Thx for your time and help!

A bond had a price of $946.30 at the beginning of the year and a price of $981.24 at the end of the year. The bond's par value is $1,000 and its coupon rate is5.5 percent. What was the percentage return on the bond for the year?

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