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11. Meacham Enterprises bonds currently sell for $950 and have a par value of $1,000. They pay a $90 annual coupon and have a 15-year

11. Meacham Enterprises bonds currently sell for $950 and have a par value of $1,000. They pay a $90 annual coupon and have a 15-year maturity, but they can be called in 5 years at $1,025. What is their yield to call?

o 11.56%

o 10.75%

o 10.08%

o 9.45%

o 8.82%

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