Reference no: EM131061109
McCue Inc.'s bonds currently sell for $1,250. They pay a $120 annual coupon, have a 15-year maturity, and a $1,000 par value, but they can be called in 5 years at $1,050.
Pick one
Calculate the yield-to-maturity (YTM) for this bond.
A. 8.91%
B. 9.02%
C. 8.55%
D. 9.11%
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