A n 10.0% 25-year bond has a par value of $1,000 and a call price of $1,075 The bond's first call date is in 5 years. Coupon payments are made semiannually so use semiannual compounding where appropriate). a. Find the current yield, YTM, and YTC on this issue, given that it is currently being priced in the market at S1,200. Which of these 3 yields is the highest? Which is the lowest? Which yield would you use to value this bond? Explain. b. Repeat the 3 calculations above, given that the bond is being priced at $850. Now which yield is the highest? Which is the lowest? Which yield would you use to value this bond? Explain. a. If the bond is priced at $1,200, the current yield is The annual yield-to-maturity with semiannual compounding is The annual yield-to-call with semiannual compounding is % (Round to two decimal places. Which of these 3 yields is the highest? Which is the lowest? (Select from the drop-down menus.) Round to two decimal places.) % (Round to two decimal places.) Vis the highest, while is the lowest. Which yield would you use to value this swer below.) current yield yield-to-call A. B. O C. The yield-to-maturity is always u: The yield-to-call because conver It doesn't matter which yield you ore conservative measure of yield yield-to-maturity ( D. The yield-to-maturity because the bonds may not be called