Last year you purchased 650 shares of stock for $28.5 per share and 11 6% coupon bonds at $1,000 each. Over the course of the year, you received dividends totaling $1 per share. Today stock is selling at $29.5 per share and bond is quoted as 99.2. What is the holding period return for your portfolio?
6.34%
6.22%
-2.53%
2.49%