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6. A bond has a face value of $1000, a semi-annual coupon of 6%, 20 years to maturity, a price of $1030, and is callable

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6. A bond has a face value of $1000, a semi-annual coupon of 6%, 20 years to maturity, a price of $1030, and is callable in 5 years at a price of $1040. Please find the Yield to Call (YTC) and Yield to Maturity (YTM) for the bond. (2 22 points) 23 24 25 26 YTC YTM A Assume all bonds have a par value of $1000 and semi- 1 annual coupon payments unless otherwise noted. 2

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