Florida International Bank (FIB) purchased a corporate bond with a coupon rate of 5.5% and a face value of $1000. It has 11 years to maturity and is currently selling in the market for $821.53. The bond makes annual coupon payments. Florida International Bank (FIB) is planning on selling this bond at the end of 5 years for $934.86 (ex-interest). What is the yield-to-maturity (YTM) on this bond?

4.7%

5.5%

7%

8%

9%