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Dyl Inc.'s bonds currently sell for $900 and have a par value of $1,000. They pay an $80 annual coupon and have a 20-year maturity,

Dyl Inc.'s bonds currently sell for $900 and have a par value of $1,000. They pay an $80 annual coupon and have a 20-year maturity, but they can be called in 6 years at $1,080. What is their yield to maturity (YTM)?

a. 8.89%

b. 5.45%

c. 9.97%

d. 9.10%

e. 9.13%

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