Step 1: Analyze the foci of the ellipse and hyperbola.
For the ellipse, the foci are given by \( c = \sqrt{a^2 - b^2} \), and for the hyperbola, the foci are given by \( c = \sqrt{a^2 + b^2} \). Set the two expressions for \( c \) equal to each other because the foci coincide.
Step 2: Solve for \( b^2 \).
After solving, we find that \( b^2 = 7 \).
Step 3: Conclusion.
The correct answer is (D) 7.