12. National Distributors, Inc. would like to issue some new bonds at par. Comparable bonds have a current yield of 8.85 percent, an effective annual yield of 9.15 percent, and a yield to maturity of 9 percent. What coupon rate should National Distributors, Inc. set on its bonds?
A. 8.85 percent
B. 9.00 percent
C. 9.15 percent
D. 9.25 percent
E. 9.50 percent