Frazier Fudge has aGHS$1,000$ par value bond that is currently selling forGH$$1,300.$ It has an annual coupon rate of $7\%,$ paid semiannually, and has nine years remaining until maturity.

What is the annual yield to maturity on the bond? $($Round to the nearest whole percentage.

$$ A$.3\%$

$$ B$.5\%$

$$ C$.7\%$

$$ D$.9\%$