Bond I is quoted as selling for 112.00 and it pays semi-annual coupons at 12) = 6%. Bond 2 is quoted as selling for 118.00 and it pays semi-annual coupons at i2) = 6.5%. Both bonds are redeemable in n-years and both are priced to yield ;%. Bond I is redeemable at par and bond 2 is redeemable at 103.25. What is the yield rate? (4 marks)