A bond with 20 years to maturity is callable in 6 years at a call premium of $100. The bond is currently selling at par and has a coupon rate of 10 percent. What is the yield to call of the bond?
A) 10.63%
B) 11.06%
C) 10.21%
D) 11.21%
E) 10.72%
Correct Answer:
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