ommers Co.'s bonds currently sell for $1,080 and have a par value of $1,000. They pay a $100 annual coupon and have a 15-year maturity, but they can be called in 5 years at $1,125. What is their yield to maturity (YTM)?
Selected Answer:
b.
9.01%
Answers:
a.
8.56%
b.
9.01%
c.
9.46%
d.
9.93%
e.
10.43%