Ly is a Treasury Manager with Deeter Holdings, a large consumer products holding company. The Assistant Treasurer has asked Ly to calculate the current yield (CY) and the Yield-to-first Call (YTC) on a bond the company holds that has the following characteristics: 7 years to maturity $ 1000 face value 7.0% semi-annual coupon Priced to yield 9.0 percent Callable at $1060 in two years If Ly calculates correctly, the CY and YTC are approximately: CY YTC（）①A. 7.80% 15.72% ②B. 7.78% 15.72% ③C. 7.80% 15.82%
A. ①
B. ②
C. ③