Cold Boxes Corporation Has 100 Bonds Outstanding with a Maturity

Cold Boxes Corporation has 100 bonds outstanding with a maturity value of $1,000. The required rate of return on these bonds is currently 10 percent, and interest is paid semiannually. The bonds mature in 5 years, and their current market value is $768 per bond. The annual coupon interest rate is: (Round the answer to the nearest whole number.)

A) 8%.
B) 6%.
C) 4%.
D) 2%.
E) 0%.