Jerry just purchased a bond paying semiannual interest for a price of $1,000. Yields on bonds of similar risk are 9.9%. The bond has a face value of $1,000. Based on this information, the coupon rate of the bond is: (Select the best choice below.)

A. The coupon rate of the bond is 8.7 %

B. The coupon rate of the bond is 9.9 %

C. The coupon rate of the bond is 8 %

D. The coupon rate of the bond is 11.5 %

E. We need the maturity of the bond to solve this problem.