A $1,000 par value bond has an 8% coupon rate (paid semiannually). It has 10 years remaining to maturity. The bonds current price $1,148.77. What should be the YTC of this bond if the bond is called back 5 years from now with a call price of $1047.20?

a. 5.4%

b. 2.7%

c. 3%

d. 6%