The bonds issued by Tulip Incorporated bear a 7.0 percent coupon, payable semiannually. The bonds mature in 10 years and have a $1,000 face value. Currently, the bonds sell for $989. What is the yield to maturity? (Ch7) a. 5.87% b. 3.07% c. 3.08% d. 6.14% e. 7.16% 2. Lambert Equipment offers 7.5 percent coupon bonds with semiannual payment and a yield to maturity of 7.68 percent. The bonds mature in 6 years. What is market price per bond if the value is $1,000? a. $989.70 b. $991.47 c. $996.48 d. $1,002.60 e. $1,013.48 3. A bond that can be paid off early at the issuer's discretion is referred to as b which one of the following? (Ch7) a. zero coupon b. callable c. senior d. collateralized e. debenture