35.A company issues a 10 year, callable bond at par with 8% annual coupon payments. The bond can be called in four years, or any time after that, on a coupon payment date. The call price is $105 per $100 of face value. Which is closest to the yield to call?

A.

12.00%

B.

9.25%

C.

9.88%

D.

9.09%