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Calculate the price of the following bond: annual coupon rate = 6.5%, years to maturity = 6, annual yield = 4.5%, par value = $100,

  1. Calculate the price of the following bond: annual coupon rate = 6.5%, years to maturity = 6, annual yield = 4.5%, par value = $100, semiannual coupon payments. If the bond is callable at 104.5 after 3 years, what is the yield to call?

  1. 4.2%
  2. 4.5%
  3. 6.5%
  4. 9.0%

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