A bond's yield to maturity (YTM) refers to the rate of return expected from a bond held until its maturity date. However, the YTM equals an investor's expected rate of return under certain assumptions. Which of the following is one of those assumptions? O O The bond is callable. The probability of default is zero. Consider the case of Green Caterpillar Clothiers: Value Green Caterpillar Clothiers has 9% annual coupon bonds that are callable and have 18 years left until maturity. The bonds have a par value of $1,000, and their current market price is $950.35. However, Green Caterpillar may call the bonds in eight years at a call price of $1,060. What are the YTM and the yield to call (YTC) on Green Caterpillar's bonds? | YTM YTCL - The current yield on the bond is If interest rates are expected to remain constant, what is the best estimate of the remaining life left for Green Caterpillar's bonds? O O O O 5 years 13 years 18 years 8 years If Green Caterpillar Clothiers issued new bonds today, what coupon rate must the bonds have to be issued at par? O 0 O O 9.59% 6.47% 7.36% 7.83%