Question: A bond TEMPhas 6.5% coupon bonds on the par value wif 13 years remaining to maturity. The bonds make semiannual payments and currently sell for

A bond TEMPhas 6.5% coupon bonds on the par value wif 13 years remaining to maturity. The bonds make semiannual payments and currently sell for 97.9% of par. Wat is the TEMPeffective annual yield?

Select one:

a. 6.74%

b. 6.86%

c. 7.19%

d. 7.56%

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