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1 - A callable bond pays annual interest of $5, has a par value of $100, matures in 10 years but is callable in 4

1 - A callable bond pays annual interest of $5, has a par value of $100, matures in 10 years but is callable in 4 years at a price of $110, and has a value today of $106. Calculate the yield to call.

2 - Price a 2-yr 5% semiannual coupon bond with a par value of $1000 and the yield to maturity (discount rate) is 4.84% per annum.

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