Find the yield to maturity for this floating rate note: The reset date is today; coupons are paid

annually according to the formula $($LIBOR $+$ percent$)$; since issuance, there has not been a

change in the issuer's credit rating. The bond has ten years to maturity and LIBOR $=3\mathrm{.}5$ percent.

A$)3\mathrm{.}5$ percent

B$)4$ percent

C$)3\mathrm{.}75$ percent

D$)$ There is not enough information provided to make a determination.