Question

A bond with a face value of $1,000 matures in 10 years and has a 9.7...

A bond with a face value of $1,000 matures in 10 years and has a
9.7 percent semiannual coupon.  (That is, the bond pays a $48.50 coupon every six months.)  
The bond has a nominal yield to maturity of 10.3 percent, and it can be called in 2

years at a call price of $1,019.00.  What is the bond’s nominal yield to call?

15.71%

13.71%

16.71%

12.71%

14.71%

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