A 7-year, 11.00% semiannual coupon bond with a par value of $1000 may be called in 5 years at a call price of $1,211.00. The bond sells for $960.50. (Assume that the bond has just been issued.). What is its yield to maturity?

9.95%

11.85%

11.25%

13.15%

12.91%

need to show work, need help immediately. thank you