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? The bond is callable. The probability of default is zero, Consider the case of Hungry Whale Seacra Company Hungry Whale Seacraft Company has 99 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, Hungry Whale 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 Hungry Whale's bonds? Value YTM YTC 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 Hungry Whale's bonds? 5 years 18 years 13 years 10 years If Hungry Whale Seacraft Company issued new bonds today, what coupon rate must the bonds have to be issued at par? 9.59% 8.88% 10.46% 7.369%