IMP Energy Solutions issued outstanding bonds 8 years ago, with original maturity of 30 years, 10 years of call protection, par value of $1,000, coupon rate of 12%, and a call price of $1,075. In a recent trade, the bonds sold for $1,250. Assuming interest rates do not change from current levels, what yield should an investor buying IMP's bonds expect to earn?

a)	2.24%
b)	3.12%
c)	2.69%
d)	11.13%
e)	11.05%