10.A corporate bond has a 10-year maturity and pays interest semiannually. The quoted coupon rate is 6%, and the bond is priced at par ($1,000). The bond is callable in 3 years at 110% of par (i.e., the call price is $1,100). What is the bond's yield to call (YTC)?

1. 6.72%
2. 7.89%
3. 8.98%
4. 9.75%
5. 10.00%