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Tully Corporation bonds have 7 years to maturity.Interest is paid quarterly.The bonds have a $1,000 par value, coupon rate of 7% and a price of

Tully Corporation bonds have 7 years to maturity.Interest is paid quarterly.The bonds have a $1,000 par value, coupon rate of 7% and a price of $1,073.69.Compute the annual yield to maturity.Round to 2 decimal places.

Question 2 options:

6.19%

7.15%

6.67%

5.72%

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