Smiley Industrial Goods Has Bonds on the Market Making Annual

Smiley Industrial Goods has bonds on the market making annual payments,with 13 years to maturity,and selling for $1,095.At this price,the bonds yield 6.4 percent.What must the coupon rate be on these bonds?

A) 6.67 percent
B) 6.84 percent
C) 7.23 percent
D) 7.50 percent
E) 7.83 percent