Yes They Can, Inc. has a bond issue outstanding with a $1,000 par value and a maturity of 24 years. The annual coupon rate is 12.0% with quarterly coupon payments. The bonds are currently selling for $1,002. The bonds may be called in 4 years for 112.0% of par. What is the quoted annual yield-to-call for these bonds? 14.21% 21.55% 12.34% 2.99% 11.97%

Yes They Can, Inc. has a bond issue outstanding with a $1,000 par value and a maturity of 24 years. The annual coupon rate is 12.0% with quarterly coupon payments. The bonds are currently selling for $1,002. The bonds may be called in 4 years for 112.0% of par. What is the quoted annual yield-to-call for these bonds? 14.21% 21.55% 12.34% 2.99% 11.97%