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The long-term bonds of Topstone Industries pay semiannual coupons, have a face value of $1,000, a 10% yield to maturity, and mature in 10 years.

"The long-term bonds of Topstone Industries pay semiannual coupons, have a face value of $1,000, a 10% yield to maturity, and mature in 10 years. Find the coupon rate if the bonds are currently selling for $1,125."

11.60%

12.03%

11.20%

10.80%

12.01%

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