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5. Prince Palumbo Inc.'s bonds currently sell for $1,180 and have a par value of $1,000. They pay a $105 annual coupon and have a

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5. Prince Palumbo Inc.'s bonds currently sell for $1,180 and have a par value of $1,000. They pay a $105 annual coupon and have a 15-year maturity, but they can be called in 5 years at $1,100. What is their yield to call (YTC)? O a) 6.98% b) 6.63% c) 7.35% d) 8.12% e) 7.74%

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