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Which of the following callable bonds is more likely to be called? 1) A 4% coupon bond with a yield to maturity of 12% and

Which of the following callable bonds is more likely to be called?

1)

A 4% coupon bond with a yield to maturity of 12% and maturity of 10 years

2)

A 12% coupon bond with a yield to maturity of 4% and maturity of 10 years

3)

A 12% coupon bond with a yield to maturity of 12% and maturity of 10 years

4)

None of the above

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