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A 10-year 7% fixed-rate coupon bond with semi-annual coupons has a market value of $1,234 per $1,000 par. What is the bonds annual yield to

A 10-year 7% fixed-rate coupon bond with semi-annual coupons has a market value of $1,234 per $1,000 par. What is the bonds annual yield to maturity, calculated as a continuously compounded rate? (Suggestion: set up your calculation in a table in Excel; you will need to apply the Solver tool. Do not round values at intermediate steps in your calculations.)

Group of answer choices

4.08%

5.39%

4.47%

5.05%

5.72%

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