$1$

Multiple Choice

$1$ point

What is the yield to maturity on an annual$-$pay basis for a U$.$S$.$ bond issue with a quoted yield on a bond$-$equivalent basis of $7\mathrm{.}65356\%?$

$7\mathrm{.}81\%$

$7\mathrm{.}79\%$

$7\mathrm{.}80\%$

$7\mathrm{.}78\%$