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A 12-year maturity, 10.30% coupon bond paying coupons semiannually is callable in 7 years at a call price of $1,235. The bond currently sells at
A 12-year maturity, 10.30% coupon bond paying coupons semiannually is callable in 7 years at a call price of $1,235. The bond currently sells at a yield to maturity of 9.30% . a. What is the yield to call? Yield to call (in percent, rounded to 2 decimal places, e.g., 1.23%) b. What is the yield to call if the call price is $1,185? Yield to call (in percent, rounded to 2 decimal places, e.g., 1.23%) c. What is the yield to call if the call price is $1,235 but the bond can be called in 3 years instead of 7 years? Yield to call (in percent, rounded to 2 decimal places, e.g., 1.23%)
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