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Demed Inc. has 9% annual coupon bonds that are calable and have 18 years laft unti maturity. The bonds have a par value of $1,000,

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Demed Inc. has 9% annual coupon bonds that are calable and have 18 years laft unti maturity. The bonds have a par value of $1,000, and their current market price is $1,100.35. However, Demed inc may cal the bonds in eight years at a cal price of $1,060. What are the YTM and the yeld to cal (rTC) on Demed inc:'s bonds? If interest rates are expected to remain constant, what os the best estumate of the remaining lfe left for Derned Incis bonds? 8 years 18 years 5 yens 13 years

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