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7.45% is wrong Meacham Enterprises' bonds currently sell for $1,280 and have a par value of $1,000. They pay a $135 annual coupon and have

7.45% is wrong

Meacham Enterprises' bonds currently sell for $1,280 and have a par value of $1,000. They pay a $135 annual coupon and have a 15 -year maturity, but they can be called in 7 years at $1,050. What is their yield to call (YTC)? 5.39% 6.72% 7.45% 8.57%

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