$A5-$year, $$1,000$ face bond with $a4\%$ coupon $is$ currently selling for $$955\mathrm{.}48.$ What $is$ the Coupon Yield

$on$ this bond?

Select one:

$a.3\mathrm{.}0\%$

$b.3\mathrm{.}14\%$

$c.3\mathrm{.}25\%$

$d.3\mathrm{.}40\%$

$e.4\mathrm{.}19\%$