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You hold a 14 year bond that is callable in 6 years. The call premium is one semi-annual coupon payment, and the coupon rate is0.12.

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You hold a 14 year bond that is callable in 6 years. The call premium is one semi-annual coupon payment, and the coupon rate is0.12. The current YTM is 0.13. What is the yield to call? \begin{tabular}{|c|} \hline 0.1428 \\ \hline 0.1245 \\ \hline 0.1312 \\ \hline 0.1334 \\ \hline 0.1385 \\ \hline \end{tabular}

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