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Meacham Enterprises' bonds currently sell for $ 1 , 2 8 0 and have a par value of $ 1 , 0 0 0 .

Meacham Enterprises' bonds currently sell for $1,280 and have a par value of $1,000. They
pay a $135 annual coupon and have a 15-year maturity, but they can be called in 5 years at
$1,050. What is their yield to call (YTC)?
A.6.72%
B.7.08%
C.7.82%
D.7.45%
E.6.39%
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