What is their yield to maturity

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Reference no: EM13804326

Quigley Inc.'s bonds currently sell for $1,080 and have a par value of $1,000. They pay a $100 annual coupon and have a 15-year maturity, but they can be called in 5 years at $1,125. What is their yield to maturity (YTM)?

a. 8.56%

b. 9.01%

c. 9.46%

d. 9.93%

e. 10.43%

Reference no: EM13804326

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