Gauge Imports Inc. issues fourteen$-$year, AA$-$rated bonds. What is the yield on one of these bonds? $($Hint: Disregard cross$-$product terms; that is$,$ if

averaging is required, use an arithmetic average.$)$

$10\mathrm{.}76\%$

$9\mathrm{.}96\%$

$11\mathrm{.}26\%$

$5\mathrm{.}40\%$