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8. Sonoma Widgets Incorporated has bonds on the market with 8 years to maturity, a YTM of 7.5%, and a current price of $1075. If

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8. Sonoma Widgets Incorporated has bonds on the market with 8 years to maturity, a YTM of 7.5%, and a current price of $1075. If the bonds make annual payments, what must the coupon rate be on Sonoma Widget bonds? A) 4.39% B) 5.69% C) 7.38% D) 8.78% E) 9.52%

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