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Funny Industries has a bond outstanding with 20 years to maturity, a 5

Finance

Funny Industries has a bond outstanding with 20 years to maturity, a 5.2% coupon paid semiannually, and a $1,000 par value. The bond has a 4.5% nominal yield to maturity, but it can be called in 5 years at a price of $1,045. What is the bond's nominal yield to call?

 

a.  1.75%

b.  1.99%

c.  2.60%

d.  3.50%

e.  3.98%

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