In: Finance
A firm’s bonds have a maturity of 19 years with a $1,000 face value, a 7 percent semiannual coupon, are callable in 5 years at $1,090, and currently sell at a price of $1,150. What is their yield to call (YTC)?
a. |
5.16% |
|
b. |
5.70% |
|
c. |
5.94% |
|
d. |
7.00% |
|
e. |
3.69% |