A bond has a par value of $$1,000,$ a current yield of $7\mathrm{.}85$ percent, and semiannual coupon payments. The bond is quoted at $101\mathrm{.}56.$ What is the coupon rate of the bond?

Multiple Choice

$7\mathrm{.}97\%$

$15\mathrm{.}70\%$

$8\mathrm{.}97\%$

$7\mathrm{.}85\%$