What is their yield to maturity

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Reference no: EM13875960

Dylon Corp.'s bonds currently sell for $1,180 and have a par value of $1,000. They pay a $60 annual coupon and have a 15-year maturity, but they can be called in 5 years at $1,100. What is their yield to maturity (YTM)?

1. 4.34%

2. 3.69%

3. 3.44%

4. 5.08%

5. 4.79%

Reference no: EM13875960

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