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%
Answer: A
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