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A 6.50% coupon bond with 16 years left to maturity can be called in 10 years; The call premium is 1 year of coupon payments;

A 6.50% coupon bond with 16 years left to maturity can be called in 10 years; The call premium is 1 year of coupon payments; The bond is currently offered for sale at $1,099.32 (Assume interest payments are semiannual) - What is the bond's yield to maturity?"

11.62%

11.10%

5.21%

5.91%

2.78%

5.56%

4.98%

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