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8. A bond with 20 years to maturity is selling for $1,250 and has a yield to maturity of 13.5 percent. If this bond pays

8. A bond with 20 years to maturity is selling for $1,250 and has a yield to maturity of 13.5 percent. If this bond pays its coupon payments semi-annually and its par value is $1,000, what is the bonds annual coupon rate?

Group of answer choices

A. 18.13 percent

B.17.14 percent

C. 17.42 percent

D. 8.57 percent

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