Question $11(1\mathrm{.}5$ points$)$

Last year the Mid$-$Atlantic Corporation issued a $10\%$ coupon paying $($paid semiannually$),20-$year maturity bond with a $5-$year deferred call feature and a call penalty of one coupon payment in addition to the par value $($$$1,000)$ if exercised. If the current price on these bonds is $$1,080,$ what is its yield to call $($YTC$)?$

lick here to solve the question in Spreadsheet.

a$)8\mathrm{.}66\%$

b$)9\mathrm{.}34\%$

c$)7\mathrm{.}64\%$

d$)10\mathrm{.}33\%$