Time Limit: 2:00:00 Time Left 0273 Stevie casco y Page 1 Previous Page Next Page Page 21 of 36 1 Page 2 Question 21 (1 point) Palmer Products has outstanding bonds with an annual 8 percent coupon. The bonds have a par value of $1,000 and a price of $1,050.97. The bonds will mature in 20 years. What is the yield to maturity on the bonds? A) 7.5% Page 3: 3 B) 8% Page 4 C) 9% D) 9.5% Page 5: E) 10% 5