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Tire Inc.'s bonds currently sell for $1,150 and have a par value of $1,000. They pay a $100 annual coupon and have a 15-year maturity,
Tire Inc.'s bonds currently sell for $1,150 and have a par value of $1,000. They pay a $100 annual coupon and have a 15-year maturity, but they can be called in 5 years at $1,090. What is their yield to call (YTC)?
| 8.25% | ||
| 7.80% | ||
| 7.35% | ||
| 6.47% | ||
| 6.12% |
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