A 10-year, 6.75% semiannual coupon bond with a par value of $1000 of the Jay Wright Company may be called in four years at a call price of $1,060. The bond sells for $1,100. What is the bonds yield to maturity?

a. 5.94%

b. 6.75%

c. 5.44%

d. 2.72%

e. None of these are correct