Quantitative Problem: Ace Products has a bond issue outstanding with 15 years remaining to maturity, a coupon rate of 8.4% with semiannual payments of $42, and a par value of $1,000. The price of each bond in the issue is $1,240.00. The bond issue is callable in 5 years at a call price of $1,084. What is the bond's current yield? Do not round intermediate calculations. Round your answer to two decimal places.

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What is the bond's nominal annual yield to maturity (YTM)? Do not round intermediate calculations. Round your answer to two decimal places.

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What is the bond's nominal annual yield to call (YTC)? Do not round intermediate calculations. Round your answer to two decimal places.

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financial calculator by entering the number of payment periods until maturity for N, the price of the bond for PV, the interest payments for PMT, and the maturity value for FV. Then solve for I/YR = YTM. Remember, you need to make the appropriate adjustments for a semiannual bond and realize that is on a periodic basis so you will need to multiply the rate by 2 to obtain the annual rate. In addition, you need to make sure that the signs for identical and that the opposite sign is used for PV; otherwise, your answer will be incorrect. Priceofbond=t=1N(1+rd)tInt.+(1+rd)NCallprice signs for PMT and FV are identical and the opposite sign is used for PV; otherwise, your answer will be incorrect. $42, and a par value of $1,000. The price of each bond in the issue is $1,240.00. The bond issue is callable in 5 years at a call What is the bond's current yield? Do not round intermediate calculations. Round your answer to two decimal places. % What is the bond's nominal annual yield to maturity (YTM)? Do not round intermediate calculations. Round your answer to two decimal places. % What is the bond's nominal annual yield to call (YTC)? Do not round intermediate calculations. Round your answer to two decimal places. % Assuming interest rates remain at current levels, will the bond issue be called? The firm call the bond