You purchased an annual interest coupon bond one year ago with 6 years remaining to maturity at the time of purchase for $1,092.46. The coupon rate is 10% and par value is $1,000. At the time you purchased the bond, the yield to maturity was 8%. If you sold the bond after receiving the first interest payment and the bond's yield to maturity had changed to 7%, your annual total rate of return on holding the bond for that year would have been _________.

a) 7%

b) 8%

c) 9.95%

d) 11.95%

e) Cannot be determined