Canada's government plans to issue a U$.$S$.$ dollar$-$denominated global bond Wednesday as part of a commitment to maintain liquid foreign reserves at or above $3\%$ of nominal gross domestic product.

The bond will be issued subject to market conditions and is aimed at providing funds to add to and diversify Canada's liquid foreign reserves, which the government said help promote orderly conditions for the Canadian dollar in foreign exchange markets and provide a source of liquidity for Ottawa if needed.

The federal government last issued a dollar$-$denominated bond in April $2020$ worth $$3\mathrm{.}5$ billion."$--$April $18,2023$ at $12$:$57$ p$.$m$.$ ET$,$ MarketWatch

If the bond has a par value of $$1,500,$ coupon rate of $1\mathrm{.}08\%,$ coupon is paid annually at the end of each year, will mature in $7$ years, what's the yield to maturity if the bond is priced at $$1,234?$

Group of answer choices

$6\mathrm{.}31\%$

$4\mathrm{.}04\%$

$1\mathrm{.}08\%$

None of the other options