Info 2:

Use for the following TWO problems:

A bond has a coupon rate of 6.3%, pays annual coupons, has 13 years to maturity and sells for $1,024. It is callable in 4 years at a price of $1,100.

What is the yield to call?

Select one:

a. 4.00%

b. 7.80%

c. 2.86%

d. 3.92%