Fahim has been offered a 10 year, $1,000 face value bond for only $950. The bond pays annual coupons at a the rate r(1) = 1.75%, and it is callable at the end of year 4 for $1000, at the end of year 5 for $975, and at the end of year 6 for $950, and at no other times. The bond matures at par. What is the highest yield Fahim is guaranteed to make if he buys the bond at this price? Hint: For each call date (and maturity) find the yield if it is called on that day. a. 1.842% b. 2.344% C. 1.75% d. 2.316% e. 3.098% Certainty : C=1 (Unsure: 67%) C=3(Quite sure: >80%)