Highfield Inc's bonds currently sell for $1,275 and have a par value of $1,000. They pay a $120 annual coupon and have a 20-year maturity, but they can be called in 5 years at $1,120. What is their yield to call (YTC)? (10p) a. 7.13% b. 7.28% c. 7.31% 26) Which of the following events would make it more likely that a company would choose to call its outstanding callable bonds? (5p) a. Market interest rates decline sharply. b. The company