Question: What is the approximate yield-to-maturity (per $100 face value) for an annual bond, with a 7% coupon rate, a current market price of 107.50, and

What is the approximate yield-to-maturity (per $100 face value) for an annual bond, with a 7% coupon rate, a current market price of 107.50, and 5 years to maturity.

5.30%

5.50%

6.15%

8.19%

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