current market risk premium implied by the following information about EEM Company's bonds, assuming that the market for the bonds is in equilibrium?...

What is the current market risk premium implied by the following information about EEM Company's bonds, assuming that the market for the bonds is in equilibrium?

Par value: $1,000

Years to maturity: 20 years

Coupon rate: 8% paid semiannually

Current market price: $980

Current risk-free rate: 5%

Beta of the bond: 0.5

Select one:

a. 6.41%

b. 6.00%

c. 8.12%

d. 7.50%

e. 8.56%