(13) A par value bond offers a coupon rate of 7 percent with semiannual interest payments. The effective annual rate provided by these bonds must be: (D) A. equal to 3.5 percent. B. greater than 3.5 percent but less than 4 percent. C. equal to 7 percent. D. greater than 7 percent but less than 8 percent. (14) The bonds issued by Manson amp; Son bear a coupon of 6 percent, payable semiannually. The bond matures in 15 years and has a $1,000 face value. Currently, the bond sells at par. What is the yield to maturity? (D) A. 5.87% B. 5.97% C. 6.00% D. 6.09%