Generic Inc. issued bonds in 2021 that will mature 16 years from the date of issue....

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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? 14.40% 7.67% 8.50% 16.92% 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? 14.40% 7.67% 8.50% 16.92%