33. bond is issued at its face value of $1,000 with a 25-year maturity and callable in 4 years at an 11% call premium. The coupon rate on the bond is 9.5%. On the day of issuance, what would be the bonds yield to call date?

a. 9.5%

b. 11%

c. 11.7%

d. 10.75%

e. 9.75%

34.

Refer to question 33. Two years after issuance, the bonds are selling for $1,200. What is the yield to call date now?

a. 9.5%

b. 7.4%

c. 5.9%

d. 6.1%

e. 4.3%