The $1,000 Face Value Bonds of Jasper International Have a 7.5

The $1,000 face value bonds of Jasper International have a 7.5 percent coupon and pay interest annually. Currently, the bonds are quoted at 98.27 and mature in 3.5 years. What is the yield to maturity?

A) 6.97 percent
B) 7.10 percent
C) 7.24 percent
D) 7.78 percent
E) 8.09 percent