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What is the yield to maturity for a $10,000, 7% annual coupon bond that pays annually and matures in 8 years if the current price

What is the yield to maturity for a $10,000, 7% annual coupon bond that pays annually and matures in 8 years if the current price is $9,637.00?

a.
6.67%

b.
8.64%

c.
7.00%

d.
7.62%

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	a.	6.67%
	b.	8.64%
	c.	7.00%
	d.	7.62%