Erling Inc. offers a $9\%$ coupon bond with semiannual payments. The maturity date is $8$ years from now and the current price is $$1,028\mathrm{.}35.$ What is the current Yield to Maturity of the bond?

$8\mathrm{.}00\%$

$8\mathrm{.}50\%$

$9\mathrm{.}00\%$

$9\mathrm{.}50\%$

Answer this question using Excel.