Ken Industries has a bond outstanding with 15 years to maturity, an 8.25% nominal coupon, semiannual payments, and a $1,000 par value. The bond has a 6.50% nominal yield to maturity, but it can be called in 5 years at a price of $1,120. What is the bonds nominal yield to call? Which is an investor that buys the bond today more likely to earn?

A) 6.39%

b)7.54

c) 7.15

d) 7.86

e) 6.13