Redd Industries has just issued a callable, $1000 par value, five-year, 5% coupon bond with semiannual coupon payments. The bond can be called at par in three years or anytime thereafter on a coupon payment date. If the bond is currently trading for $950.00, then its yield to maturity is closest to:

Select one:

A. 6.5%

B. 6.18%

C. 6.0%

D. 6.8%

Redd Industries has just issued a callable, $1000 par value, five-year, 5% coupon bond with semiannual coupon payments. The bond can be called at par in three years or anytime thereafter on a coupon payment date. If the bond is currently trading for $950.00, then its yield to call is closest to:

Select one:

A. 6.9%

B. 3.4%

C. 6.8%

D. 6.5%