Consider a corporate bond with a 10.5% coupon rate, paid semi-annually, $1000 par value and a current market price of $887.16. It matures in exactly 20 years. What is the yield to maturity (YTM) on this bond?

A. 4%

B. 4.5%

C. 5%

D. 5.5%

E. 6%

F. 6.5%

G. 7%

H. 7.5%

I. 8%

J. 8.5%

K. 9%

L. 9.5%

M. 10%

N. 10.5%

O. 11%

P. 11.5%

Q. 12%

R. 12.5%

S. 13%

T. 13.5%

U. 14%

V. 14.5%

W. 15%

X. 15.5%

Y. 16%