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A bond has a $1,000 par value, nine years to maturity, and pays a coupon of 5.25% per year, semiannually. The bond is callable in

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A bond has a $1,000 par value, nine years to maturity, and pays a coupon of 5.25% per year, semiannually. The bond is callable in three years at 115% of its par value. If the bond's yield to maturity is 5.32% per year, what is its yield to call? A) 9.62% B) 9.86% C) 9.08% D) 9.24% E) 8.96%

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