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7. ABC Fund has purchased a bond with 17 years remaining until maturity and a $1,000 face value. The bond is currently selling at a

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7. ABC Fund has purchased a bond with 17 years remaining until maturity and a $1,000 face value. The bond is currently selling at a price of $1,050. The bond offers 11% coupon rate with interest paid annually. The bond may be called in 5 years at a call price of $1,070. What is the bond's yield to call (YTC)? * a. 15.11% O b. 13% c. 17.5% d. 10% e. None of the above

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