Jacobee Corporation's bond carries a 10.75 percent coupon, pays interest annually, and has 15 years to maturity. What is the bond's yield to maturity to the investor if the investor purchases the bond at the price quoted at 94.25 in the financial press? (The face value of the bond is $1000.) Question 21 options:

12.77%

16.85%

7.61%

11.58%