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15 A 25-year maturity, 77% coupon bond paying coupons semiannually is callable in six years at a call price of $1,165. The bond currently sells

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A 25-year maturity, 77% coupon bond paying coupons semiannually is callable in six years at a call price of $1,165. The bond currently sells at a yield to maturity of 6.7% (3.35% per half-year). a. What is the yield to call? (Do not round intermediate calculations. Round your answer to 2 decimal places.) Yield to call % b. What is the yield to call if the call price is only $1,115? (Do not round intermediate calculations. Round your answer to 2 decimal places.) Yield to call % c. What is the yield to call if the call price is $1,165 but the bond can be called in three years instead of six years? (Do not round intermediate calculations. Round your answer to 2 decimal places.) Yield to call %

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