Amazing co bonds have 10 years remaining until maturity, Financial Management

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Amazing co bonds have 10 years remaining until maturity

Amazing Co. bonds have 10 years remaining until maturity. They pay a 10.8% semi annual coupon and have a face value of $1000. The current nominal YTM on Amazing Co.'s bonds is 10.14%. However, Amazing Co. may call the bonds in 5 years at a call price of $1080. What is the nominal YTC on Amazing Co.'s bonds?

A) 10.96%

B) 11.12%

C) 10.80%

D) 11.76%

E) 11.60%

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Financial Management: Amazing co bonds have 10 years remaining until maturity

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