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CoffeeWk Inc.'s bonds currently sell for $1,267 and have a par value of $1,000. They pay a $107 annual coupon and have a 20 -year

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CoffeeWk Inc.'s bonds currently sell for $1,267 and have a par value of $1,000. They pay a $107 annual coupon and have a 20 -year maturity, but they can be called in 7 years at $1,080. What is their yield to call (YTC)? (A) 6.73% B 6.91% (C) 7.21% (D) 7.33% (E) 7.48%

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