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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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