Question: Toko Inc. ' s bonds currently sell for $ 7 8 0 and have a par value of $ 1 , 0 0 0 .

Toko Inc.'s bonds currently sell for $780 and have a par value of $1,000. They pay a $56 annual coupon and have a 6-yearmaturity, but they can be called in 6 years at $1,150. What is their yield to maturity (YTM)?
a.8.31%
b.6.66%
c.10.77%
d.9.02%
e.7.38%
 Toko Inc.'s bonds currently sell for $780 and have a par

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