A bond has a $1,000 par value, 19 years to maturity, and pays a coupon of 5.75% per year, semiannually. The bond can be called in four years at $1,085. If the bonds current yield is 5.54% per year, what is its yield to call?

Question 10 options:

A)

6.82%

B)

6.76%

C)

6.61%

D)

6.91%

E)

6.56%