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19. A company's 12-year maturity bonds currently sell for $1,025 and pay an annual coupon rate of 10% with semi-annual payments. The bond can be

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19. A company's 12-year maturity bonds currently sell for $1,025 and pay an annual coupon rate of 10% with semi-annual payments. The bond can be called in 3 years at a price of $1,100. What is the Yield to Maturity? a. 11.86% b. 10.91% c. 9.64% d. 8.55%

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