Miami Corporation's 14% coupon rate, semiannual payment, $1,000 par value bonds, which mature in 30 years, are callable 5 years from today at $1,050. They sell at a price of $1,353.54 today. What is the bond's yield to maturity?

If the market interest rate level stays unchanged 5 years from today, what should be the bond price then? (Hint: You can assume that YTM 5 years from today is the same as today's YTM.)

Using the assumptions and results above, should the company call the bond 5 years from today?