A $1000 par value bond has a 5% coupon paid semiannually and a 10-year maturity.
The current price of this bond is $645.
Compute the yield to maturity (YTM) of the bond using the appropriate Excel formula
Suppose the bond can be called by the issuer in 4 years for a call price of $1075.
What is the yield to call (YTC) if the bond gets called?
Is the bond likely to get called back by the issuer? Why or why not?
SHOW WORK HERE, HIGHLIGHT FINAL ANSWER IN YELLOW
	YTM	YTC
PV	$645
RATE
NPER	20
PMT	$25.00
FV	$1,000