Last year, Jean purchased a $1,000 face value corporate bond with an 11.7 percent annual coupon rate and a 14-year maturity. At the time of the purchase, it had an expected yield to maturity of 8.8 percent. If Jean sold the bond today for $1,237.78, what rate of return would she have earned for the past year?

	a.	10.29%
	b.	11.70%
	c.	0.77%
	d.	10.21%
	e.	12.47%