23. A corporate bond has a face value of $1,000, and pays a $50 coupon every six months (i.e., the bond has a 10 percent semiannual coupon). The bond matures in 12 years and sells at a price of $1,080. What is the bonds nominal yield to maturity?

A. 8.28%

B. 8.65%

C. 8.90%

D. 9.31%

E. 10.78%