a 6-year coupon bond waa purchased one year ago. the coupon rate is 10% and par value is $1,000. coupons are paid annually. at the time the bond was bought, the yield to maturity was 8%. if the bond is sold after receiving the first interest payment and the bonds yield to maturity has changed to 7%, the annual total rate of return on holding the bond for that year would have been:

a. 7%

b. 7.5%

c. 8%

d. 11.95%

e. none