The GRP Company has a bond outstanding with a face value of $1000 that reaches maturity in 12 years. The

bond certificate indicates that the stated coupon rate for this bond is 7.5% and that the coupon payments are to

be made semiannually.

Assuming that this bond trades for $1109, then the YTM for this bond is closest to:

A) 3.0995%

B) 6.5841%

C) 6.1989%

D) 6.1855%

E) 3.0933%