1. A bond has just been issued. The bond is currently selling for $870. The bond will mature in 6 years. The bonds annual coupon rate is 12% and the face value of the bond is $1,000. Coupons will be paid semi-annually. The bond is callable in 3 years and the call price is $1240.
   1. Compute the bonds annual yield to call.
   2. Compute the bonds current yield.
   3. Compute the bonds annual yield to maturity.