Blue Water Homes Has 8 Percent Bonds Outstanding That Mature

Blue Water Homes has 8 percent bonds outstanding that mature in 13 years.The bonds pay interest semiannually.These bonds have a par value of $1,000 and are callable in 2 years at a premium of $75.What is the yield to call if the current price is equal to 103.25 percent of par?

A) 7.51 percent
B) 7.70 percent
C) 8.06 percent
D) 8.98 percent
E) 9.66 percent