You purchase a 10 1/4s February $10,000 par Treasury note at 102:15 and hold it for exactly one year at which time you sell it. What is your rate of return if your selling price is 104:14?

a. 8.55 percent

b. 11.92 percent

c. 10.25 percent

d. 8.61 percent

e. 8.16 percent