Lanker Enterprises has bonds on the market making semi-annual payments, with 15 years to maturity, a par value of $1,000, and a price of $847.44. At his price, the bonds yield 9.5 percent. What must the coupon rate be on the bonds?

Select one:

a.7.902%

b.7.571%

c.8.833%

d.8.935%