Question: Beacon Enterprises' bonds currently sell for $ 1 , 2 8 0 and have a par value of $ 1 , 0 0 0 .

Beacon Enterprises' bonds currently sell for $1,280 and have a par value of $1,000. They pay a $135 annual coupon and have a 15-year maturity, but they can be called in 5 years at $1,050. What is their yield to call (YTC)?
6.39%
9.85%
6.80%
7.45%
8.02%
Beacon Enterprises' bonds currently sell for $ 1

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