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ConocoPhillips Inc. issued an 22-year bond which is callable in 13 years. It has a coupon rate of 8.875% payable semiannually, has a call premium

image text in transcribed ConocoPhillips Inc. issued an 22-year bond which is callable in 13 years. It has a coupon rate of 8.875% payable semiannually, has a call premium of $195, and is currently selling for $730. What is the yield to call? (The face value of the bond is $1000.) 13.29% 12.73% 12.55% 14.01%

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