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O'Brien Ltd.'s outstanding bonds have a $1,000 par value, and they mature in 25 years. Their nominal annual, not semiannual yield to maturity is 9.75%,

O'Brien Ltd.'s outstanding bonds have a $1,000 par value, and they mature in 25 years. Their nominal annual, not semiannual yield to maturity is 9.75%, they pay interest semiannually, and they sell at a price of $850. What is the bond's nominal coupon interest rate? Do not round your intermediate calculations.

a. 7.76%

b. 3.88%

c. 4.07%

d. 7.41%

e. 8.14%

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