5. Joel buys a newly-issued 10-year bond at a price that assures him a yield of at least 7% per annum, convertible semi-annually. The bond has a face amount (and maturity value) of 1,000 and pays semi-annual coupons at an 8% (annual) rate. It is callable with a 5% call premium on any coupon date on or after its 5th anniversary. What actual yield does Joel earn on this bond if it is called and redeemed for its face amount after 8 years? A) 7.1% B) 7.2% C) 7.3% D) 7.4% E) 7.5%