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

Question 3 options:

	7.40 percent
	7.33 percent
	7.46 percent
	7.64 percent
	7.50 percent