A bond has a $1,000 par value, 17 years to maturity, and pays a coupon of 6.25% per year, semiannually. The bond is callable in five years at 105% of its par value. If the bond's yield to maturity is 6.36% per year, what is its yield to call? A) 7.84% B) 7.72% C) 8.10% D) 7.38% E) 7.56%

A bond has a $1,000 par value, 17 years to maturity, and pays a coupon of 6.25% per year, semiannually. The bond is callable in five years at 105% of its par value. If the bond's yield to maturity is 6.36% per year, what is its yield to call? A) 7.84% B) 7.72% C) 8.10% D) 7.38%