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Klapol, Inc. has a 20-year bond issue outstanding that pays a 7.5% coupon. The bonds are currently priced at $987.50 and have a par value

Klapol, Inc. has a 20-year bond issue outstanding that pays a 7.5% coupon. The bonds are currently priced at $987.50 and have a par value of $1,000. Interest is paid semi-annually. What is the yield to maturity? Multiple Choice 7.43% 7.65% 7.47% 7.62% 7.70%

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