Peter paid $93. 40 to purchase a bond on June 1st, 2018; the bond pays a semi-annual coupon with a coupon rate of 3. 0% per annum and matures in 10. 0 years on June 1st, 2028. One year later, on June 1st, 2019, the bond's yield is unchanged; aka, unchanged yield assumption. Peter can reinvest his received coupons at a rate of 4. 0% per annum. If Peter were to sell the bond on June 1st, 2019, which of the following is nearest to his gross realized return over the one-year period since he purchased the bond?
a) -1. 09%
b) 2. 50%
c) 3. 84%
d) 4. 11%