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Treasury bonds with 13 years left til maturity is currently quoted as 90:2. If the bond has a YTM of 3.2% and makes semiannual payments

Treasury bonds with 13 years left til maturity is currently quoted as 90:2. If the bond has a YTM of 3.2% and makes semiannual payments with a face value of $1,000, what is the annual coupon rate?

USE AT LEAST 4 DECIMALS for your calculations

A. 3.12%

B. 4.76%

C. 1.22%

D. 2.26%

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