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Modern Cleves Homes Inc. has a bond issue with a coupon rate of 6.9 percent that matures in 15.5 years. The bonds have a par

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Modern Cleves Homes Inc. has a bond issue with a coupon rate of 6.9 percent that matures in 15.5 years. The bonds have a par value of $1,000 and a market price of $1,041.69. Interest is paid semiannually. What is the bond's yield to maturity? 5.47 percent 6.74 percent 5.74 percent 5.89 percent O 6.47 percent

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