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Currently. Bruner Inc.'s bonds sell for dollar 1.250. They pay a dollar 120 annual coupon. have a 15-year maturity. and a dollar 1.000 par value.

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Currently. Bruner Inc.'s bonds sell for dollar 1.250. They pay a dollar 120 annual coupon. have a 15-year maturity. and a dollar 1.000 par value. but they can be called in 5 years at dollar 1, 050. Assume that no costs other than the call premium would be incurred to call and refund the bonds. What is the difference between this bond's YTM and its YTC? (Subtract the YTC from the YTM.)

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