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Mingming Inc. issued the bonds that bear a 7.33% coupon rate, payable semiannually. The bonds mature in 13 years. Currently, the bonds sell at par.

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Mingming Inc. issued the bonds that bear a 7.33% coupon rate, payable semiannually. The bonds mature in 13 years. Currently, the bonds sell at par. Similar bonds in the market are yielding 7.46%. What is the yield to maturity of the bonds issued by Mingming Inc.? 7.64 percent 7.50 percent 7.40 percent 7.33 percent 7.46 percent

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