You're considering an investment in $12-$year, $$1,000$ face value bonds with a $9\mathrm{.}00\%$ coupon paid semi$-$annually and a yield to maturity of

$7\mathrm{.}00\%.$ The bonds are callable in three years at a call price of $$1,045.$ If you believe that the bonds will be called how much will you earn?

Select one:

a$.4\mathrm{.}62\%$

b$.4\mathrm{.}64\%$

c$.4\mathrm{.}22\%$

d$.4\mathrm{.}91\%$

e$.3\mathrm{.}33\%$

Clear my choice