A. A 5%, 15 year bond selling at $900, 6% yield to maturity (ytm) has how many years to maturity? B. We have a 12% 20 year bond, which we buy when the ytm is 10%. We intend to sell it in 2 years at which time required rates are 8%. Derive the price of the bond. C. We have a semiannual bond selling for $950 and paying an annual coupon rate of 10% per annum for a period of 25 years. The issuer has inserted a call feature enabling it to buy back the bond at face value plus 2 semesters' interest after 5 years. Compute the ytm and the yield to call rate. Comment on their magnitude in comparison to each other. D. Compute the price of a preferred stock which is callable after 7 years at 104 par value, has a yield of 4% and pays a quarterly dividend of $2. If the firm does not buy the preferred back, what will its price be at that time?, USE PROPER EQUATIONS AND STEPS! NO EXCEL PLEASE AND THANK YOU!|