Consider the following corporate bond quotes, which are from 4/11/2017:

Explain what the bond quotes tell us about each issue, and indicate how the two bonds compare in terms of Default Risk, Interest Rate Risk and Call Risk.

Current Fitch Yield Rating Issuer Price Coupon Maturity Date YTM Callable MS Pact 89.00 5.000% 1-Jan-2048 5.773% 5.618% BBB Yes TVA 109.75 4.875% 15-Jan-2051 4.323% 4.442% AAA No