Artifact Corporation has bonds on the market with 13.5 years to maturity, a YTM of 74 percent, a par value of $1,000, and a current price of $1,059. The bonds make semiannual payments. What is the current yield on these bonds? a 786 percent b. 8.36 percent c. 7.40 percent d. 7.65 percent e. 8.10 percent