New Homes has a bond issue with a coupon rate of 5.5 percent that matures in 8.5 years. The bonds have a par value of $1,000 and a market price of $1,122. Interest is paid semiannually. What is the yield to maturity?

A) 3.36 percent

B) 3.81 percent

C) 5.21 percent

D) 4.74 percent

E) 5.18 percent