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Meacham Enterprises' bonds currently sell for $880 and have a par value of $1,000. They pay a $135 annual coupon and have a 15-year maturity,

Meacham Enterprises' bonds currently sell for $880 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)?

Select the correct answer.

17.58%

18.04%

18.50%

17.12%

16.66%

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