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A 8 - year bond pays interest every 6 months and has a maturity value of $ 1 , 0 0 0 . The current

A 8-year bond pays interest every 6 months and has a maturity value of $1,000. The current price of this bond is $1,014.04 and investors require a YTM of 9 percent (nomin-' rate with semi-annual compounding). What is the annual coupon rate on this bond?
10.25%
9.50%
10.00%
9.25%
9.75%
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