What is the yield to maturity-bonds issued

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The bonds issued by North & South bear a coupon rate of 7.5 percent, payable semiannually. The bonds mature in 6.5 years, sell at par, and have a $1,000 face value. What is the yield to maturity?

7.59%

7.86%

7.50%

7.42%

15.00%

Reference no: EM13825889

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