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OZ Inc. has a bond issue outstanding with a $1,000 par value and a maturity of 15 years. The annual coupon rate is 10.0% with

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OZ Inc. has a bond issue outstanding with a $1,000 par value and a maturity of 15 years. The annual coupon rate is 10.0% with semi-annual coupon payments. The bonds are currently selling for 117.5% of par value. The bonds may be called in 5 years from now for $1100. What is the quoted annual yield-to-call for these bonds? 5.75 percent 6.23 percent 7.43 percent 8.25 percent

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