20 21 Question 1 10 points 22 A 20-year maturity, 7.90% coupon bond paying coupons semiannually is callable in 15 years 23 at a call price of $1,155. The bond currently sells at a yield to maturity of 6.90%. 24 25 a. What is the yield to call? 26 27 Yield to call (in percent, rounded to 2 decimal places, e.g., 1.23%) 28 29 b. What is the yield to call if the call price is $1,105? 30 31 Yield to call (in percent, rounded to 2 decimal places, e.g., 1.23%) 32 33 c. What is the yield to call if the call price is $1,155 but the bond can be called in 11 years instead of 15 years? 34 35 Yield to call (in percent, rounded to 2 decimal places, eg, 1.23%) 36 37