Wald Inc.s bonds currently sell for $1,120 and have a par value of $1,000. They pay an $85 annual coupon and have a 20-year maturity, but they can be called in 5 years at $1,050. What return would an investor most likely earn, if interests rates remain at current levels for the foreseeable future?

A. 7.08%

B. 6.49%

C. 5.95%

D. 6.71%

E. 7.34%