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Consider an outstanding bond issue with 19 years to maturity, $1,000 par, and a 7.4% coupon, paid annually. The bonds are selling for $1,107.20

Consider an outstanding bond issue with 19 years to maturity, $1,000 par, and a 7.4% coupon, paid annually. The bonds are selling for $1,107.20 in the market today and will become callable in 4 years with a call price of $1080. What is the yield to call of the bond issue? 3.07% 4.42% 6.41% 6.12% k

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