A 15-year maturity, 9% coupon bond paying monthly coupons is callable in 8 years at a call price of $1,250. The bond currently sells at a yield to maturity of 11% per annum. a. What is the yield to call? NA b. What is the yield to call if the call price is $1,375 and the bond is called back in 6 years instead of 8 years?

A 15 -year maturity, 9% coupon bond paying monthly coupons is callable in 8 years at a call price of $1,250. The bond currently sells at a yield to maturity of 11% per annum. a. What is the yield to call? b. What is the yield to call if the call price is $1.375 and the bond is called back in 6 years instead of 8 years