21.) A company issues a 10-year, callable bond at par with 8% annual bond can be called at par in one year after issae or any time after The call price is $104 per $100 of face value. year? A) 10% coupon payments The that on a coupon paymend What is the yield to call if this bond is called in one B)12% C)7% D)4% likelihood of a call isand the yield to D) high, call 22) When a callable bond sells at a premium, the worst is the yield to A) low, call B) high, maturity C) low, maturity 23) A callable bond will typically y haveayield than an otherwise identical bond without a call feature because A) higher, the firm loses flexibility with a callable bond B) higher, the option to call a bond is valuable C) lower, the firm loses flexibility with a callable bond D) lower, the option to call a bond is valuable 24) Which of the following is a committed line of credit with no fixed maturity? A) a bridge loan C) evergreen credit B) a blanket lien D) a promissory