company is more likely to call its bonds if they are able to replace their current high-coupon debt with less expensive financing. A bond is more be called if its price is par-because this means that the going market interest rate is less than its coupon rate. Iuantitative Problem: Ace Products has a bond issue outstanding with 15 years remaining to maturity, a coupon rate of 8.6% with semiannual ayments of $43, and a par value of $1,000. The price of each bond in the issue is $1,220.00. The bond issue is callable in 5 years at a call price 1,086. What is the bond's current yleld? Do not round intermediate calculations. Round your answer to two decimal places. % What is the bond's nominal annual yield to maturity (YTM)? Do not round intermediate calculations. Round your answer to two decmal places. What is the bond's nominal annual yield to call (YTC)? Do not round intermediate calculations. Round your answer to two decimal places. Assuming interest rates remain at current levels, will the bond issue be called? The firm call the bond