need part b

Cullumber, Inc., has issued eight-year bonds with a coupon rate of 6.055 percent and semiannual coupon payments. The market's required rate of return on such bonds is 7.950 percent. (a) Your answer is correct What is the market price of these bonds? (Round answer to 2 decimal places, es. 15.25) Market price e Textbook and Media Attempts: 1 of 2 used (b) If the above bond is callable after five years at 85 percent premium on the face value what the expected return on this bond (Round answer to decimal places, s. 15.2505%) Expected return