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Dyl Inc.'s bonds currently sell for $860 and have a par value of $1,000. They pay a $55 annual coupon and have a 20-year maturity,

Dyl Inc.'s bonds currently sell for $860 and have a par value of $1,000. They pay a $55 annual coupon and have a 20-year maturity, but they can be called in 6 years at $1,130. What is their yield to maturity (YTM)?

a. 4.56%

b. 6.40%

c. 6.84%

d. 7.25%

e. 6.80%

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