A bond had a price of $946.72 at the beginning of the year and a price of $983.73 at the end of the year. The bond's par value is $1,000 and its coupon rate is 6.1 percent. What was the percentage return on the bond for the year?
a) 11.04%
b) 6.20%
c) 3.76%
d) 10.35%
e) 9.06%
