You own a bond that pays $64 in interest annually. The face value is $1,000 and the current market price is $1,062.50. The bond matures in 13 years but is callable at par in 11 years. What is the yield to call?
(This is the complete question for this homework assignment, no additional information is given)
a) 5.62 percent
b) 6.22 percent
c) 6.46 percent
d) 6.71 percent
e) 5.80 percent