Palmer Products has outstanding bonds with an annual 11.4 percent coupon. The bonds have a par value of $1,000 and a price of $1,374. The bonds will mature in 14 years. What is the yield to maturity on the bonds? O 7.2% 7.1% 6.9% 07.0% 6.8%

Palmer Products has outstanding bonds with an annual 11.4 percent coupon. The bonds have a par value of $1,000 and a price of $1,374. The bonds will mature in 14 years. What is the yield to maturity on the bonds? 7.2% 7.1\% 6.9% 7,0% 6.8% Palmer Products has outstanding bonds with an annual 11.4 percent coupon. The bonds have a par value of $1,000 and a price of $1,374. The bonds will mature in 14 years. What is the yield to maturity on the bonds? 7.2% 7.1\% 6.9% 7,0% 6.8%