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XZYY , Inc. currently has an issue of bonds outstanding that will mature in 3 7 years. The bonds have a face value of $

XZYY, Inc. currently has an issue of bonds outstanding that will mature in 37 years. The bonds have a face value of $1,000 and a stated annual coupon rate of 10% with quarterly coupon payments. The bond is currently selling for $858. The bonds may be called in 4 years for 112% of par value. What is the quoted annual yield-to-maturity for these bonds?
11.68%
2.92%
12.03%
17.13%
35.08%

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