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Z Pearls Co. have annual coupon bonds with interest payment of 7.80% every year. The bonds have a par value of $1,000, a current price

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Z Pearls Co. have annual coupon bonds with interest payment of 7.80% every year. The bonds have a par value of $1,000, a current price of $1023.84, and mature in 22 years. What is the yield to maturity on these bonds? (A) 7.66% B 7.57% (C) 7.48% (D) 7.39% (E) 7.75%

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