DN Imports issued 17-year bonds 2 years ago with a yield to maturity of 16.4 percent, and a current price of $912.0 The bonds make semiannual payments. What is the coupon rate?

a. 7.04 percent

b. 7.40 percent

c. 10.04 percent

d. 14.80 percent

e. 16.40 percent