5.

1. Voyager, Inc. has issued bonds with a twenty-year maturity that pay a coupon of 5%. The bond is selling at a premium price of $1,100. The bond is three years old and can be called after the bond is ten years old. What is the Yield to Maturity?

   6.04%

   2.09%

   4.89%

   4.17%

   6.

   1. Three years ago, Voyager, Inc. issued callable bonds paying a semi-annual coupon at a coupon rate of 5% that can be called after ten years. The bonds have a maturity of twenty years. What is the Yield to Call if the market price of these bonds are $1,100?

      1.69%

      4.25%

      3.38%

      3.79%

      7.

      1. Voyager, Inc. issued callable bonds paying a semi-annual coupon at a coupon rate of 4% that can be called after five years. The maturity period for these bonds is 30 years, and the bonds were issued one year ago. What is the Yield to Call if the market price of these bonds are $950?

         		3.91%
         		5.15%
         		4.30%
         		4.22%
         		4.13%
         		5.41%