You purchase a bond and realize that it has a "Callable" feature imbeded in the contract.
The bond has a coupon rate of 8.50% where interest is paid on an annual basis.
The time to maturity is 12 years. The imbedded Call feature states that the bond can
be "called" in after 5 years. At that time, the bond will have a par value of $1,030.00
This Callable Bond is current selling for a premium of $1,010
What is the Yield to Call on this bond and if you had a required return 7.50%, would you buy
the bond or not?

	a.	Yield to Call = 8.75%; Purchase the bond
	b.	Yield to Call = 8.50%; Do Not Purchase the Bond
	c.	Yield to Call = 7.45%; Purchase the bond
	d.	Yield to Call = 7.85%; Do Not Purchase the Bond