The yield-to-call on an annualized basis for a high-yield bond with a $1,000 par value, 6% coupon (paid semiannually), five years to maturity, two years to first call, a call premium of one year's interest, and selling for $985 is
A)
15.57%.
B)
7.79%.
C)
9.63%.
D)
12.35%.