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West Corp. issued 21-year bonds 2 years ago at a coupon rate of 9.9 percent. The bonds make semiannual payments. If these bonds currently sell

West Corp. issued 21-year bonds 2 years ago at a coupon rate of 9.9 percent. The bonds make semiannual payments. If these bonds currently sell for 101 percent of par value, what is the YTM?

Multiple Choice A. 8.80% B. 11.74% C. 9.78% D. 4.89% E. 10.76%

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