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Ann's Enterprises' bonds sell for $1,120 now. they have a 20-year maturity, an annual coupon rate of 8.5%, and a par value of $1,000. What

Ann's Enterprises' bonds sell for $1,120 now. they have a 20-year maturity, an annual coupon rate of 8.5%, and a par value of $1,000. What is YTM for the bond?

A- 6.47%

B 6.81%

C 6.15%

D. 7.17 %

E. 7.34%

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