A. The bonds have a 10% annual coupon rate, payable semiannually, and a par value of $1000. They mature 8 years from today, but are callable starting from the end of the year 4, at the par value. The yield to maturity is 8%. What is the current yield on company's bonds assuming that investors consider the probability of the bonds repurchase as high? B. 1 company did not ever pay dividends, and it did not announce any plans for dividend payments in future. But the stock is constantly rising. Based on the stock valuation model, how this phenomenon could be explained? Explain your rationale