Cincinnati Bell Telephone Company is trading for a price of $1,141 with a 7% SEMI-ANNUAL coupon.

Merck and Company, Inc. is the second bond. It has a current price of $989 and SEMI-ANNUAL coupon rate of 5.50%.

indicate what the yield to maturity and yield to call for each bond is. Issues on 7/15/2018. Maturity date is 12/1/2033Also address if the bonds were callable on December 1, 2025 at a call price of $1,070 for the Cincinnati Bell bond and $1,055 for the Merck bond, what would be their yields to call? Indicate for which bond would you need the yield to call rather than yield to maturity and why