SHOW FORMULA and ALGEBRAIC PROCESS. A bond A corporate bond with a face value of $1,000, a coupon rate of 6% paid semi- annually, and 15 years to maturity sells for $866.28. The yield to maturity of this bond expressed as a per cent, rounded to 1 decimal place (e.g. 6.1%) is

(A) 7.09% (B) 3.75% (C) 7.52% (D) 3.76% (E) 7.50%