You are interested in a $1,000, 20-year bond that is currently selling for $1,171.59. If you require a 10% return on your investment, what is the minimum coupon rate you can accept? The bond makes semiannual coupon payments. (Please make sure to identify all necessary time value money variables, i.e., PV, FV, I/Y, N, PMT, just like what I demonstrated in the video lecture)

A) 6%

B) 8%

C) 10%

D) 12%

E) 14%