Cochran's Furniture Outlet is issuing 25-year,9 percent callable bonds.These bonds are callable in 4 years with a call premium of $45.The bonds are being issued at par and pay interest semi-annually.What is the yield to call?
A) 9.94 percent
B) 10.72 percent
C) 11.00 percent
D) 11.47 percent
E) 12.08 percent
Correct Answer:
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