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West Corp. issued 22-year bonds 2 years ago at a coupon rate of 10.2 percent. The bonds make semiannual payments. If these bonds currently sell

West Corp. issued 22-year bonds 2 years ago at a coupon rate of 10.2 percent. The bonds make semiannual payments. If these bonds currently sell for 102 percent of par value, what is the YTM?

A. 8.97%

B. 11.96%

C. 9.97%

D. 10.96%

E. 4.98%

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