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Naranjo, Inc.'s bonds currently sell for $1,180 and have a par value of $1,000.They pay a $105 annual coupon and have a 15-year maturity, but
Naranjo, Inc.'s bonds currently sell for $1,180 and have a par value of $1,000.They pay a $105 annual coupon and have a 15-year maturity, but they can be called in 5 years at $1,100.What is their yield to call?
6.63%
6.98%
7.35%
7.74%
8.12%
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