Sadik Inc.'s bonds currently sell for $1,300 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 5 years at $1,100. What is their yield to call (YTC)?
A. 5.10%
B. 5.31%
C. 4.94%
D. 6.00%
E. 4.30%
Answer: B
Business
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