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11. An investor invested in two bonds. Bond X has a maturity of 30 years and a coupon rate of 6% and bond Y has

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11. An investor invested in two bonds. Bond X has a maturity of 30 years and a coupon rate of 6% and bond Y has a 10 years maturity and a coupon rale of 3%. Both of these bonds are callable in 5 years from now. Bond X is currently trading at 5690 per share and its call premium is $10. Bond Y is currently trading at $880 per share and its call premium is S15. From the investors perspective, which bond has the highest risk to be called by bond issuers in 5 years from now and why! You need to provide calculations to support your answer or argument. (5 points)

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