Keenan Industries has a bond outstanding with 15 years to maturity, an 8.25% coupon, semiannual payments, and a $1,000 par value. The bond has a 6.50% yield to maturity, but it can be called in 3 years at a price of $1,120. If the current price of the bond is $1,166.09, what is the bonds annual yield to call?

Group of answer choices

2.93 percent

5.86 percent

6.52 percent

7.30 percent