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In 2015, SN medical devices issued bonds with 30 years maturity, 10 years call protection, par value of $1000, call price of $1090, coupon rate
In 2015, SN medical devices issued bonds with 30 years maturity, 10 years call protection, par value of $1000, call price of $1090, coupon rate of 6% and annual coupon payments. Today, year 2020, the bonds trade at a price of $1250. What is the yield to call if SN calls the bonds at the first possible opportunity?
a. 3.72%
b. 9.32%
c. 3.62%
d. 2.36%
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