Pistaj Fund has purchased a bond with 17 years remaining until maturity and a $1,000 face value. The bond is currently selling at a price of $1,050. The bond offers 11% coupon rate with interest paid annually. The bond may be called in 5 years at a call price of $1,070. What is the bonds yield to call (YTC)? *

a. 15.11%

b. 13%

c. 17.5%

d. 10%

e. None of the above