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Three years ago, Dinoco issued 30-year, 4.0% semi-annual coupon bonds that currently trade for $832. If each bond features a 7-year deferred call feature with

  1. Three years ago, Dinoco issued 30-year, 4.0% semi-annual coupon bonds that currently trade for $832. If each bond features a 7-year deferred call feature with a 4 coupon payment penalty in addition to face value ($1000), what is the yield-to-call?

    9.1%

    6.3%

    7.6%

    5.3%

    10.9%

Please show all work, and what to put into financial calculator!

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