A bond has a $1,000 par value, 13 years to maturity, and pays a coupon of 5.25% per year, semiannually. The bond can be called in four years at 105% of par value. If the bonds price is $983.82, what is its current yield?

Question 1 options:

A)

5.34%

B)

5.22%

C)

5.46%

D)

5.40%

E)

5.17%