Today is a day in May 2525 and a bond with an annual yield-to-maturity of 9.0% just yesterday paid a coupon. The bond matures in May 2543 and its quoted bond price is 130.03 percent of par (semi annual compounding). Find the coupon rate.
a. 10.78%
b. 11.15%
c. 7.45%
d. 9.38%
e. 12.40%