D. Parcher, Inc. bonds have a 4% coupon rate with semiannual coupon payments and a $1,000 par value. The bonds have 11 years until maturity and sell for $990. What is the current yield for D. Parcher's bonds?

OA.4.32%

OB.2.02%

OC. 6.95%

OD.3.45%

E. None of the above.