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A 20-year maturity, 7.3% coupon bond paying coupons semiannually is callable in seven years at a call price of $1,185. The bond currently sells at

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A 20-year maturity, 7.3% coupon bond paying coupons semiannually is callable in seven years at a call price of $1,185. The bond currently sells at a yield to maturity of 6.3% (3.15% per half-year). a. What is the yield to call? (Do not round intermediate calculations. Round your answer to 2 decimal places.) Yield to call b. What is the yield to call if the call price is only $1,135? (Do not round intermediate calculations Round your answer to 2 decimal places.) Yield to call 2.50 *96 c. What is the yield to call if the call price is $1,185 but the bond can be called in four years instead of seven years? (Do not round intermediate calculations. Round your answer to 2 decimal places.) Yield to call 4.84 %

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