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Ken Industries has a bond with 15 years to maturity, an 8.25% semiannual coupon rate, a $1,000 par value, and a 6.50% nominal YTM. It

Ken Industries has a bond with 15 years to maturity, an 8.25% semiannual coupon rate, a $1,000 par value, and a 6.50% nominal YTM. It can be called in 6 years at $1,120, so what is the bond's nominal yield to call (YTC)? Question 14 options: A) 7.55% B) 7.85% C) 6.20% D) 7.20% E) 6.53%

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