Venable Ventures has an outstanding $5-$year, $8\%$ semiannual coupon bond that is trading at a yield to maturity of $7\mathrm{.}39\%.$ Venable would like to issue a $7-$year bond and the company$$s investment banker has gathered the following information:

Benchmark RatesTerm $($years$)$Rate$34\mathrm{.}75\%54\mathrm{.}90\%75\mathrm{.}15\%$

$$

Term Structure of Quality$-$Matched Credit SpreadsTerm $($years$)$Spread $($bps$)519862187235$

What is the expected required return on Venable$$s new issue $7-$year bond?

Group of answer choices

$8\mathrm{.}01\%$

$7\mathrm{.}65\%$

$6\mathrm{.}98\%$