Question $21$

Chocolate Mint is issuing $30-$year, $9$ percent callable bonds. These bonds are callable in $5$ years with a

call premium of $$80.$ The bonds are being issued at par and pay interest semi$-$annually. What is the

yield to call?

$($A$)12\mathrm{.}89$ percent

$11\mathrm{.}00$ percent

$10\mathrm{.}72$ percent

$10\mathrm{.}26$ percent

$($E$)12\mathrm{.}47$ percent