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Sadik Inc.'s bonds currently sell for $1,334.00 and have a par value of $1000. They pay a $105.00 annual coupon and have a 12-year maturity,
Sadik Inc.'s bonds currently sell for $1,334.00 and have a par value of $1000. They pay a $105.00 annual coupon and have a 12-year maturity, but they can be called in 8 years at $1,159.00. What is their yield to call (YTC)?
a). 7.16%
b). 6.24%
c). 6.57%
d) 6.90%
e). 5.13%
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