What is the yield to maturity of a 9.7 %semiannual coupon bond with a face value of $1,000 selling for $ 875.22 that matures in 11 years?

The annual yield to maturity of the bond is: (Select the best choice below.)

A.

11.985 %

B.

12.925 %

C.

12.69 %

D.

11.75 %

E.

12.573 %