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High Country Marketing Corp. issues a corporate bond that has a 10-year maturity with a par value of $1,000 and pays interest semiannually. The quoted

High Country Marketing Corp. issues a corporate bond that has a 10-year maturity with a par value of $1,000 and pays interest semiannually. The quoted coupon rate is 6%.

(a) If the required rate of return on this bond is 8% per year. What should the issuing price be? (b) The bond is callable in 3 years at 110% of par. What is the bond's yield to call? (c) Currently, the bond is having an ask price of $998.91, and the last coupon was paid 35 days ago. What is the the invoice price of the bond? For simplicity, assume there are 360 days in a year.

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