An annual coupon bond with a $1,000 face value matures in 10 years. The bond currently sells for $903.7351 and has a 9 percent yield to maturity. What is the bonds annual coupon rate?

{note: you must determine pmt. To arrive at a meaningful answer}

a. 6.7%

b. 7.0%

c. 7.2%

d. 7.5%

e. 7.7%