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Davis Inc.'s bonds currently sell for $800 and have a par value of $1,000. They pay a $60 annual coupon and have a 20-year maturity,

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Davis Inc.'s bonds currently sell for $800 and have a par value of $1,000. They pay a $60 annual coupon and have a 20-year maturity, but they can be called in 5 years at $1,200. What is their yield to maturity (YTM)? Select one: a. 8.00% b.8.04% c. 6.39% d.5.78% Ce: 7.64% bus page Next page JWER Trullo

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