CalculateYTC sing a nencia calc latar by nter ng he number a payment periads until tal N re price of the bDnd rur P the interest payments ar P T and the ca pr Le Dr F Then you Lan solve er YR TC. Again, member you need to make the appropriate adjustments for semiannuel bond ano realize that the alculated LYRIs onpeno ic basis so you wil need to mutipy the rate by 2 to ovtain the annual -ate. In addition you need to make sure that tre sigrs tor PMT and FV re Identica end the opooste sign is used ror PV; otherwise, your answer will be incorrect. A company Is more like y to call its bonds lr they are a2le to replace their current high-coupon debt with less expens ve n nandng. A bond is more likely to be called i Its price Is interest rabe is less than its caupon rate s00 t par because this means t at the going market Quantitative Problem: Ace Products has a oond issue outstanding with 15 years remaining to maturity, a coupon rate ot 7.8% with seminnual Dayments or s39, and par value o-$1,000. The Price ot each bond in the Issue ls $1,260.00 The bond issue is callable in 5 yeers at a cell price af s1,078 what is the bond's current yleld? Round your answer to two declmal places. Do not round Intermedlate calculations. W"at is tna bond's nominal "nual yield to maturity (YTM)? Round yaur answer to two nrimal plares. D nnt round intarrmedatR talculations. nat is the bond's nominal annual yleld to call [YTC)? Round your answer to two declmal places. Do not round Intermed ate calculatons Assuming interest rates remain at currant Ivls, wll the bond issue caed? The firm 5clect tal the bond