Galt Industries Has Just Issued a Callable,$1000 Par Value,five-Year,6% Coupon

Multiple Choice

Galt Industries has just issued a callable,$1000 par value,five-year,6% 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 $978.94,then its yield to call is closest to:

A) 3.4%.
B) 6.0%.
C) 6.5%.
D) 6.8%.