A 425 Percent Coupon Bond with Eight Years Left to Maturity

A 4.25 percent coupon bond with eight years left to maturity is offered for sale at $983.36. What yield to maturity is the bond offering? (Assume interest payments are paid semiannually and par value is $1,000.)

A) 2.25 percent
B) 2.36 percent
C) 4.25 percent
D) 4.50 percent