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Ram Enteprises' bonds currently sell for $968. They have a 10-year maturity, a coupon rate of 6% paid on semi-annual basis. Its par value is
Ram Enteprises' bonds currently sell for $968. They have a 10-year maturity, a coupon rate of 6% paid on semi-annual basis. Its par value is $1,000 and it is callable in three years with a call price of $1,020. what is their yield-to-call?
7.82%
7.50%
6.69%
6.27%
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