Jerome Corporation's bonds have 15 years to maturity, an 8.75% coupon paid semiannually, and a $1,000 par value. The bond has a 6.50% nominal yield to maturity, but it can be called in 6 years at a price of $1,105. What is the bond's nominal yield to call?

Select the correct answer. a. 5.80% b. 5.50% c. 5.35% d. 5.95% e. 5.65%