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Dyl Inc.'s bonds currently sell for $1,260 and have a par value of $1,000. They pay a $65 annual coupon and have a 15-year maturity,

Dyl Inc.'s bonds currently sell for $1,260 and have a par value of $1,000. They pay a $65 annual coupon and have a 15-year maturity, but they can be called in 5 years at $1,100. What is their yield to maturity (YTM)?

	a.	4.30%
	b.	4.18%
	c.	3.85%
	d.	4.01%
	e.	4.14%

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