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Blue Pencil Publishing has 9 % annual coupon bonds that are callable and have 1 8 years left until maturity. The bonds have a par

Blue Pencil Publishing 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, Blue Pencil Publishing may call the bonds in eight years at a call price of $1,060.
1) Blue Pencil Publishings bonds have a yield-to-maturity (YTM) of _?__ and a yield-to-call (YTC) of ___?__
2) If interest rates are expected to remain constant, what is the best estimate of the remaining life left for Blue Pencil Publishings bonds?
8 years
13 years
5 years
18 years
3) If Blue Pencil Publishing issued new bonds today, what coupon rate must the bonds have to be issued at par?

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