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

a.7.00%.

b.8.00%.

c.9.95%.

d.11.95%.

e.None of the options is correct.