Consider a $1,000 par value bond with a 7.5 percent coupon. The bond pays interest semi-annually. There are 9 years remaining until maturity. What is the current yield on the bond assuming that the required return on the bond is 9 percent with semiannual compounding?

A). 6.45%

B). 7.35%

C). 8.65%

D). 6.85%

E). 8.25%