1. (30) Price a 2y 5.3% semi-annual pay bond, callable at 102. Assume annual rate volatility is 15% and yields are as below. Once you have priced this bond, calculate its annualized yield to call. y(0,1) 0.5 1.2% 1.0 3.2% 1.5 4.5% 2.0 5.3% L 1. (30) Price a 2y 5.3% semi-annual pay bond, callable at 102. Assume annual rate volatility is 15% and yields are as below. Once you have priced this bond, calculate its annualized yield to call. y(0,1) 0.5 1.2% 1.0 3.2% 1.5 4.5% 2.0 5.3% L