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Need this worked out on a piece of paper solved completly. Each step shown. Thanks Question #36 [5 points). Thunderstruck has bonds outstanding with 15

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Need this worked out on a piece of paper solved completly. Each step shown. Thanks
Question #36 [5 points). Thunderstruck has bonds outstanding with 15 years to maturity. The bonds are currently priced in the market at $1,210.40 each. The bonds are callable beginning 10 years prior to maturity (so, in 5 years) at 102.25% of par value. The bonds have a face value of $1,000, a coupon rate of 8% with coupon payments paid to investors on a semiannual basis. Determine the following: (1) yield-to-maturity (YTM) [2 points] (2) yield-to-call (YTC) (2 points] (3) which is the relevant yield to the investor (YTM or YTC) [1 point] Show your work. Clearly identify your answer to each question. Format the answers to (1) and (2) as a percent to 2 (two) decimal places. (i.e., 10.89%)

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