A 575 Percent Coupon Bond with 12 Years Left to Maturity

A 5.75 percent coupon bond with 12 years left to maturity is offered for sale at $978.83. What yield to maturity is the bond offering? (Assume interest payments are paid semiannually and par value is $1,000.)

A) 3.00 percent
B) 3.09 percent
C) 5.75 percent
D) 6.00 percent