What is yield to call

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Question - Pawleys lnc.'5 bonds currently sell for $1,264 and have a par value of $1,000. They pay a $105 annual coupon and have a 15-year maturity, but they can be called in 4 years at $1,170. What is their yield to call (YTC)?

a) 8.12%

b) 7.35%

c) 6.62%

d) 6.98%

e) 7.74%

Reference no: EM132341941

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