Use the method of averages to find the approximate yield rate for each of the six bonds shown in the table below. All are redeemed at par.

7.Suppose you are considering investing in a Bombardier Inc. corporate bond with a $7500 face value that matures in 15 years. The bond's coupon or bond rate is 7.350 percent, interest is paid semi-annually, and the market prices this bond at 109.1724. What is the approximate yield rate?

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Bond Rate Payable Semi-annually 6% 10.5 Time Before Maturity 15 years 7 years 10 years 8 years 5 years, 4 months 9 years, 8 months Market Quotation 101.375 94.75 97.125 101 98.875 109.25 Face Value $10 000 5 000 25 000 1. 2. 3. 7.5 8.5 4. 1 000 50 000 20 000 5. 6. 3. 5.