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Problem 14-21 A 40-year maturity, 10% coupon bond paying coupons semiannually is callable in five years at a call price of $1,150. The bond currently

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Problem 14-21 A 40-year maturity, 10% coupon bond paying coupons semiannually is callable in five years at a call price of $1,150. The bond currently sells at a yield to maturity of 9% (4.5% per half-year). a. What is the yield to call annually? (Do not round intermediate calculations. Round your answer to 3 decimal places.) Yield to call 9.640 % b. What is the yield to call annually if the call price is only $1,100? (Do not round intermediate calculations. Round your answer to 3 decimal places.) Yield to call % c. What is the yield to call annually if the call price is $1,150, but the bond can be called in two years instead of five years? (Do not round Intermediate calculations. Round your answer to 3 decimal places.) Yield to call

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