Hello Chegg team. ***Note this is part of an extra credit point assignment*** Details Below

Redo the problems you got incorrectly

Solve it correctly, showing all supporting work.

For each problem you redo correctly, including the supporting work, You will get 1/2 of its original points.

A bond with 5 years remaining is selling for 97 (per 100 par value). The bond has a 2% coupon paid semiannually. The bond is callable at the following periods and prices: The bond's yield-to-first call is closest to? \begin{tabular}{r} 2.00% \\ 2.50% \\ \hline 3.00% \\ 4.00% \end{tabular}