Andrea Pirlo Inc.’s bonds currently sell for $1,270 and have a par value of $1,000. They pay a $105 annual coupon and have a 15-year maturity, but they can be called in 6 years at $1,100. What is their yield to call (YTC)?
| A. |
6.89% |
|
| B. |
5.10% |
|
| C. |
5.48% |
|
| D. |
6.37% |
|
| E. |
6.98% |
