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Page 1: Question 5 (1 point) A callable bond is currently selling for $1,250. Annual coupon payment $105 and 15 year maturity. The callable bond

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Page 1: Question 5 (1 point) A callable bond is currently selling for $1,250. Annual coupon payment $105 and 15 year maturity. The callable bond can be called in 5 years at $1,100. What is YTC? (Assuming the bond is semi-annually compounding). 1) 13.15% 2) 7.67% 3) 6.32% 4) 10.00%

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