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A firms bonds have a maturity of 17 years with a $1,000 face value, a 10 percent semiannual coupon, are callable in 4 years at

A firms bonds have a maturity of 17 years with a $1,000 face value, a 10 percent semiannual coupon, are callable in 4 years at $1,080, and currently sell at a price of $1,168. What is their yield to call (YTC)?

a.

10.00%
b.

6.89%
c.

8.16%
d.

5.29%
e.

8.35%

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