To compute YTM and YTC please do not use appropriate methods. Set calculator to four decimal places. Show all work by setting up necessary equations and equations with the numbers plugged in the equation

6-14 Three years ago, Jack's Automotive Jacks issued a 20-year callable bond with a $1,000 maturity value and an 8.5 percent coupon rate of interest. Interest is paid semiannually. The bond is currently selling for $1,046. (a) What is the bond's yield to matu- rity? (b) If the bond can be called in four years for a redemption price of $1,089, what is the bond's yield to call