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TJX Inc. issued a 25-year bond which is callable in 15 years. It has a coupon rate of 12.50% payable semiannually, has a call premium

TJX Inc. issued a 25-year bond which is callable in 15 years. It has a coupon rate of 12.50% payable semiannually, has a call premium of $250, and is currently selling for $880. What is the yield to call? (The face value of the bond is $1000.) Question 15 options: 15.02% 14.32% 14.40% 14.48%

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