Swatch Industries has a bond outstanding with 10 years to maturity, a 3.5% coupon paid semiannually, and a $1,000 par value. The bond has a 2.5% nominal yield to maturity, but it can be called in 5 years at a price of $1,035. What is the bonds nominal yield to call?

a. 1.15%

b. 2.00%

c. 2.29%

d. 2.84%

e. 3.16%