?A $1,000 par value bond sells for $1,216. It matures in 20 years, has a 14 percent coupon, pays interest semiannually, and can be called in 5 years at a price of $1,100. The bond's yield to maturity is: (Round the answer to two decimal places.)
A. ?6.05%.
B. ?10.00%.
C. ?10.06%.
D. ?8.59%.
E. ?11.26%.
Answer: E
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