An analyst observes a 4-year, $1,000 par, semiannual-paying corporate bond with a coupon rate of 7.125% and currently priced at 102.347% of par. The bond is callable at 101% of par in two years and also putable at par in two years.

The bonds yield to put is closest to:

A

2.932%.

B

4.225%.

C

5.864%.

D

6.450%.