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A firms bonds have a maturity of 22 years with a $1,000 face value, a 7 percent semiannual coupon, are callable in 6 years at
A firms bonds have a maturity of 22 years with a $1,000 face value, a 7 percent semiannual coupon, are callable in 6 years at $1,080, and currently sell at a price of $1,166. What is their yield to call (YTC)?
a.4.93%
b.3.87%
c.5.83%
d.7.00%
e.5.67%
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