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Calculate the yield-to-first call on a bond with the following characteristics, 5 years to maturity, $1,000 face value, 8.75% semi-annual coupon, Priced to yield 9.25%,

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Calculate the yield-to-first call on a bond with the following characteristics, 5 years to maturity, $1,000 face value, 8.75% semi-annual coupon, Priced to yield 9.25%, Callable at $1,025 in two years Select one: a. 9.83% b. 8.93% C. 11.02% d. 8.93% e. 19.80% f.5.51%

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