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A bond has a $1,000 par value, 20 years to maturity, and pays a coupon of 5.75% per year, annually. The bond can be called

A bond has a $1,000 par value, 20 years to maturity, and pays a coupon of 5.75% per year, annually. The bond can be called in 15 years at $1,100. If the bonds price is $1,129.38, what is its yield to call?

A) 5.06%

B) 4.85%

C) 5.11%

D) 4.53%

E) 4.97%

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