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Question 15 (4 points) Yes They May, Inc. has a bond issue outstanding with a $1,000 par value and a maturity of 25 years. The

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Question 15 (4 points) Yes They May, Inc. has a bond issue outstanding with a $1,000 par value and a maturity of 25 years. The bonds have an annual coupon rate of 16.0% with semi- annual coupon payments. The current market price for the bonds is $1,091. The bonds may be called in 5 years for 116.0% of par. What is the quoted annual yield- to-maturity for the bonds? 14.63% 7.31% O 15.79% 15.55% 16.45%

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