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Question 1 (10 points) A bond has a $1,000 par value, eight years to maturity, and pays a coupon of 4.50% per year, semiannually. The

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Question 1 (10 points) A bond has a $1,000 par value, eight years to maturity, and pays a coupon of 4.50% per year, semiannually. The bond can be called in three years at $1,090. If the bond's current yield is 4.68% per year, what is its annual yield to maturity? A) 4.82% B) 4.89% C) 4.95% OD 5.03% E) 5.10%

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