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1. A callable bond has 20 years to maturity, 6% coupon rate, current market price is $860. Can be called in 5 years at call

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1. A callable bond has 20 years to maturity, 6% coupon rate, current market price is $860. Can be called in 5 years at call price of $1060. It is a semiannual bond. A) What is YTM? B) What is YTC? C) What is the Current Yield? D) If you buy this bond, which yield would you more likely to earn, YTM or YTC

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