1. You are evaluating a bond with 25 years to maturity that is callable in 3 years. The bonds YTM is 4.6% and the YTC is 7.8%. This bond is likely to be called in 3 years. True or False?

2. You are offered the opportunity to purchase a 6% coupon bond with 15 years remaining until maturity for $1105.40. Based on this, the Yield-to-Maturity for this bond is?