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Suppose in the previous question the bond sold for $865 is a semiannual bond and can be called in 5 years at $1,050. The bond

Suppose in the previous question the bond sold for $865 is a semiannual bond and can be called in 5 years at $1,050. The bond has a par value of $1,000 and a coupon rate of 8%. What is the bond's yield to call (YTC) if it is called in 5-years?

A. 12.46%

B. 11.64%

C. 16.50%

D. 14.64%

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