Question: Berth Construction Inc. issues seven - year, AA - rated bonds. What is the yield on one of these bonds? Disregard cross - product terms;

Berth Construction Inc. issues seven-year, AA-rated bonds. What is the yield on one of these bonds? Disregard cross-product terms; that is, if averaging is required, use the arithmetic average.
8.63%
9.68%
9.08%
5.25%

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