Sadik Inc.'s bonds currently sell for $1,242.65 and have a par value of $1000. They pay a $105.00 annual coupon and have a 12-year maturity, but they can be called in 8 years at $1,151.00. What is their yield to call (YTC)?

Essentials Of Investments
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Chapter1: Investments: Background And Issues
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Sadik Inc.'s bonds currently sell for $1,242.65 and have a par value of $1000. They pay a $105.00 annual coupon and have a 12-year maturity, but they can be called in 8 years at $1,151.00. What is their yield to call (YTC)?

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