Three different bonds each pay annual coupons and are redeemable at par. All three bonds have the same term, price, and yield.

Alvins bond has a face value of $120 and an annual coupon rate of 5.17%

Simons bond has a face value of $105 and an annual coupon rate of 6.48%

Theodores bond has a face value of $95 and an annual coupon rate of c. Find c.

(A) 7.2%

(B) 7.4%

(C) 7.6%

(D) 7.8%

(E) 8.0%