Question $20$

A $$1,000$ face value bond is currently quoted at $100\mathrm{.}00.$ The bond pays semi$-$annual payments and matures in $13$ years. If the yield to maturity is $9$ percent, what is the bond's annual coupon rate?

a$.9\mathrm{.}00$ percent

b$.4\mathrm{.}68$ percent

c$.4\mathrm{.}75$ percent

d$.9\mathrm{.}36$ percent

e$.9\mathrm{.}50$ percent