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A 25-year maturity, 9.0% coupon bond paying coupons semiannually is callable in six years at a call price of $1,150. The bond currently sells at

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A 25-year maturity, 9.0% coupon bond paying coupons semiannually is callable in six years at a call price of $1,150. The bond currently sells at a yield to maturity of 8.0% (4 00% per half-year) a. What is the yield to call? (Do not round intermediate calculations. Round your answer to 2 decimal places.) Yield to cal b. What is the yield to call if the call price is only $1,100? (Do not round intermediate calculations. Round your answer to 2 decimal places.) Yield to call 1% c. What is the yield to call if the call price is $1,150 but the bond can be called in three years instead of six years? (Do not round intermediate calculations. Round your answer to 2 decimal places.) Yield to call References eBook & Resources

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