The bonds issued by north amp south bear a coupon rate of
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%
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