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You purchased an annual interest coupon bond one year ago with 10 years remaining to maturity at the time of purchase. The coupon interest rate

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You purchased an annual interest coupon bond one year ago with 10 years remaining to maturity at the time of purchase. The coupon interest rate is 8% and the par value is $1,000. At the time you purchased the bond, the yield to maturity was 6%. If you sold the bond after receiving the first interest payment and the bond's yield to maturity had changed to 7% at the time of sale, your annual total rate of return on holding the bond for that year would have been a. -1.95%. O b. -1.06%. C. 2.54%. O d. 0.18%. e. -0.18%

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