Item$14$

$6\mathrm{.}66$points

Time Remaining $12$ minutes $48$ seconds

$00$:$12$:$48$

Item$14$

Time Remaining $12$ minutes $48$ seconds

$00$:$12$:$48$

A corporate bond has a $10-$year maturity and pays interest semiannually. The quoted coupon rate is $6\%,$ and the bond is priced at par. The bond is callable in $3$ years at $110\%$ of par. What is the bond's yield to call?

Multiple Choice

$4\mathrm{.}49\%$

$8\mathrm{.}98\%$

$9\mathrm{.}17\%$

$6\mathrm{.}72\%$