Use the following information for the next 4 questions. ECD Group has just issued a bond. The credit rating of the bond is BB by S&P. Other information of the bond is as follows: time to maturity is 6 years, coupon rate is 7% paid semi-annually, face value is $1,000 and the price of the bond is $885. With credit rating of BB, the bond is also called which of the following? Junk bond Investment grade bond High-yield bond I only I and III only II and III only III only What is the current yield of the bond? 3.39% 4.50% 6.78% 7.91% What is the yield to maturity of the bond? 9.56% 8.90% 4.78% 4.45% If the bond is callable at the face value at the end of year 3. what is the yield to call? 5.29% 10.58% 11.65% 17.64% Use the following information for the next 4 questions. ECD Group has just issued a bond. The credit rating of the bond is BB by S&P. Other information of the bond is as follows: time to maturity is 6 years, coupon rate is 7% paid semi-annually, face value is $1,000 and the price of the bond is $885. With credit rating of BB, the bond is also called which of the following? Junk bond Investment grade bond High-yield bond I only I and III only II and III only III only What is the current yield of the bond? 3.39% 4.50% 6.78% 7.91% What is the yield to maturity of the bond? 9.56% 8.90% 4.78% 4.45% If the bond is callable at the face value at the end of year 3. what is the yield to call? 5.29% 10.58% 11.65% 17.64%