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Given a bond with the following features, what is the bond's YTC? Maturity 7 years. Call Date 3 years. Coupon Rate 3% Face Value $1,000

Given a bond with the following features, what is the bond's YTC?

Maturity 7 years.

Call Date 3 years.

Coupon Rate 3%

Face Value $1,000

Annual Coupon

Call Price $1,050

Price $1,060

Group of answer choices

2.29%

2.83%

2.78%

2.52%

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