Dyl Inc.'s bonds currently sell for $870 and have a par value of $1,000.They pay a $65 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) ?
A) 8.02%
B) 9.71%
C) 6.66%
D) 7.38%
E) 8.66%
Correct Answer:
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