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16. Corporate A issues a bond with 15 years to maturity and 5% coupon rate. Currently, the bond is traded at $996. The coupon paymentis

16.

Corporate A issues a bond with 15 years to maturity and 5% coupon rate. Currently, the bond is traded at $996. The coupon paymentis

paid semiannually, and the bond is callable in 10 years at $1,050.

1) What is the bond's current yield?

2) What is the bond's yield to maturity? (Use financial calculator to solve, list all keystrokes)

3) What is the bond's yield to call? (Use financial calculator to solve, list all keystrokes)

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