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Modern Cleves Homes Inc. has a bond issue with a coupon rate of 6.5 percent that matures in 11.5 years. The bonds have a par

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Modern Cleves Homes Inc. has a bond issue with a coupon rate of 6.5 percent that matures in 11.5 years. The bonds have a par value of $1,000 and a market price of $981. Interest is paid semiannually. What is the yield to maturity? O 6.50 percent 0 6.36 percent 0 7.21 percent O 7.89 percent 0 6.74 percent

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