Copper Corp. has an outstanding bond issue that is currently selling for $$1,073\mathrm{.}95.$ The yield to maturity is $10\mathrm{.}7\%,$ and the bonds

mature in $9$ years. Assuming that the face value is $$1000$ and the bonds pay a semi$-$annual coupon, what is the current yield on the

bonds?

$7\mathrm{.}8\%$

$13\mathrm{.}4\%$

$11\mathrm{.}2\%$

$8\mathrm{.}9\%$