Question: A 12-year, $1,000 face value bond pays a 9% yearly coupon and has a yield to maturity of 7.5%. The bond can first be called four (4) years from now, at a call price of $1,050. Calculate the bond’s yield to call?
[A] 7.50%
[B] 11.86%
[C] 6.73%
[D] 7.10%
[E] 13.45%