Suppose a 3-year, 4% coupon bond (assume annual coupon payments) is selling for $920. As always, assume a face value of $1,000. The T-Bill rate is .2% and the Beta of the common stock of the bonds issuer is 1.25. What is the bonds Current Yield?

Select one:

a. 4.00%

b. Cannot be determined from the information given

c. 4.35%

d. 7.05%