YTM:

A) 6.84%

B) 10.46%

C) 8.88%

D) 6.91%

YTC:

A) 10.46%

B) 6.84%

C) 8.88%

D) 9.35%

Consider the case of BTR Co.: market price is $1,010.35. However, BTR Co. may call the bonds in eight years at a call price of $1,060. What are the YTM and the yield to call (YTC) on BTR Co.'s bonds? If interest rates are expected to remain constant, what is the best estimate of the remaining life left for BTR Co.'s bonds? 10 years 5 years 18 years 8 years If BTR Co. issued new bonds today, what coupon rate must the bonds have to be issued at par