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TM of annual bond Drougas Corp.'s bonds currently sell for ( $ 1,211.88 ) and have a ( $ 1,000 ) par value. They have

image text in transcribed TM of annual bond Drougas Corp.'s bonds currently sell for \\( \\$ 1,211.88 \\) and have a \\( \\$ 1,000 \\) par value. They have a \9.00 annual coupon rate and a 20 -year maturity. What is the bond's yield to maturity? a. \6.00 b. \6.30 c. \6.70 d. \7.00 e. \7.20

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