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3. Dyl Inc.'s bonds currently sell for $1,040 and have a par value of $1,000. They pay a $65 annual coupon and have a 15-year

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3. Dyl Inc.'s bonds currently sell for $1,040 and have a par value of $1,000. They pay a $65 annual coupon and have a 15-year maturity, but they can be called in 5 years at $1,100. What is their approximate yield to maturity (YTM)? * A) 5.78% B) 6.09% C) 6.39% D) 6.71% OE) None of the above 4. Moerdyk Corporation's bonds have a 16-year maturity, a 7.5% semiannual

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