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Yield to Maturity (1BE) Brown Enterprises' bonds currently sell for $1,000. They have a 5-year maturity, an annual coupon of $60, and a par value

Yield to Maturity (1BE)

Brown Enterprises' bonds currently sell for $1,000. They have a 5-year maturity, an annual coupon of $60, and a par value of $1,200. What is their yield to maturity?

		A. 6.99%
		B. 8.32%
		C. 9.32%
		D. 14.32%
		E. 12.32%

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