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Kwarteng Corporation's bonds will mature in 8 years. The bonds have a par value of $ 1 , 0 0 0 and a 6 %

Kwarteng Corporation's bonds will mature in 8 years. The bonds have a par value of $1,000 and a 6% coupon rate, paid annually. The bonds are callable in 3 years at a call price of $1,030. The price of the bonds is currently $1,120. What is the yield to call?
a.2.60%
b.2.75%
c.2.90%
d.3.05%
e.3.20%
8
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