View Policies Current Attempt in Progress Generic Inc. issued bonds in 2021 that will mature 16 years from the date of issue. The bond pays a 14.375 percent coupon and the interest is paid semiannually. Its current price is $1,508.72. What is the yield to maturity on the bonds? O 7.67% O 14.40% O 16.92% 8.50% eTextbook and Media Save for Later Attempts: 0 of 2 used Submit Answer

Generic Inc. issued bonds in 2021 that will mature 16 years from the date of issue. The bond pays a 14.375 percent coupon and the interest is paid semiannually. Its current price is $1,508.72. What is the yield to maturity on the bonds? 7.67%14.40%16.92%8.50%