Bond 1 has a coupon rate of 0.0400, a face value of $10,000, for 20 years, pays dividends on a semi-annual basis, and a required yield to maturity (YTM) of 0.0350.

a. What is the bond valuation?

b. What is bond 1's current yield?

The bond will be called in 8 years, and have a call premium of $200.

c. What is bond 1's YTC (yield-to-call)?

Remember to round to the nearest basis point. Note that one basis point is equal to 0.0001, which is 1/100th of a percent. Remember that the bond pays coupons on a semi-annual basis.