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In November 2010, Hammer Technologies issued a series of 7%, 30-year semi-annual coupon bonds. Interest rates decreased in subsequent years and by November 2020, the

In November 2010, Hammer Technologies issued a series of 7%, 30-year semi-annual coupon bonds. Interest rates decreased in subsequent years and by November 2020, the price of the bonds had increased to $1,140. Calculate the yield-to-maturity (YTM) in November, 2020?

A-7%

B-6,78%

C-7.29%

D-5.81%

E-2.90%

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