Document1 Word nces Mailings Review View Help Tell me what you want to do The following data are obtained from http://www.finra.org on September15, 2016. As you see below, Procter & Gamble Co has issued a 50-year callable bond issue (Aa3 Moody's Rating, symbol: PG.HK) with semiannual coupon payment on 9/15/2008 and the issue matures on 9/15/2058. Also, call schedule was obtained from the bond's indenture (prospectus) which is usually available in the web site of finra.org. Again, assume that it is September 15, 2016 today. PROCTER & GAMBLE CO 946% 09/15/2058243172 Feedhack Subecibe to Nosces Price/Yield Chart Debt Tva Below is call (redemptrion) schedule of PG.HK bond, on Page 28, PG.HK Bond Prospectus. Redemption Price means Call Price in percentage of $1000. So, 107% means PG redeems the bond at $1070 of call price which consists of Sool parl . call premium of (ie, 796). The notes may be redeemed at any time, at our option, in whole or in part, in amounts of $1,000 or any multiple of S .00, at the following redemption prices (in each case expressed as a percentage of the pranepal amount)-if redeemed dunng the 12 month period begnning on September 15 of any of the following years: 2038 2039 2040 2041 2042 2043 2044 2045 2046 2047 2048 105 00% 104 50% 104 00% 103 50% 103 00% 102 50% 102 00% 101.50% 101.00% 100.506 100 00% 1. How many years are originally the bond's call protection period? Briefly explain the number of the call protection years you answered Current market price is $990 (99%of$1,000). what is the Yield-to-Frist Call annual rate)? Assume that today is 9/15/2016. Hint: you need to know how many coupons left until the first call date. Also, you need to find any 2. information from the screenshot above