Question 7 1 pts Corporate bonds usually have a call feature embedded in their contract, this means that the company can call those bonds earlier than maturity. This also means the when you price a corporate bond you must calculate the YTM, if the bond is held to maturity, and the YTC, the yield up to the callable period of the bond. A Verizon bond is currently selling for $775 with 7% coupon and a 10 year maturity. Assume the par(face) value is $1,000. Since this corporate bond, it is also callable at 5 years for $1,075 face value. Calculate the YTM and then the YTC. use the approx YTM formula Can not be determined with the information given. YTM = 10.42%, YTC = 14.62% YTM = 10.42%, YTC = 5.30% OYTM = 8.80% , YTC = 7.69%