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Calculate the yield to call of a 1 6 % semiannual paying bond with a par value of R 1 0 0 0 . The

Calculate the yield to call of a 16% semiannual paying bond with a par value of R1000. The bond matures in 25 years, has a market price of R1547.68, and a yield to maturity of 10%. The bond is callable by the issuer in 12 years at a call price of R1413.96. The yield-to-call (YTC) is closest to ...
a.9.09%
b.9.95%
c.10.57%
d.10.00%
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