After careful consideration, you decide that you want to diversify your portfolio and invest in the bonds of HCA Healthcare. The bonds pay interest annually, will mature in 25 years, and have a coupon rate of 4% on a face value of $1,000. Currently, the bonds are selling for $910.

1. If you are looking for a required return of 7% for this bond, what is the highest price you would be willing to pay?
2. What is the current yield of these bonds?
3. What is the yield to maturity on these bonds if you purchase them at the current price? (Use the Rate function)
4. If you hold the bonds for two years, and interest rates do not change, what total rate of return will you earn, assuming that you pay the market price?

If the bonds can be called in 4 years with a call premium of 6% of the face value, what is the yield to call? Please show excel functions and how you did this. Thank you.