Today is a day in May 2525 and a bond with an annual yield-to-maturity of 9.0% just yesterday paid a coupon. The bond matures in May 2543 and its quoted bond price is 130.03 percent of par (semiannual compounding). Find the coupon rate.

Select one:

a. 10.78%

b. 11.15%

c. 7.45%

d. 9.38%

e. 12.40%