Question: 8 . A 1 5 - year maturity, 8 % coupon bond paying coupons monthly is callable in 6 years at a call price of

8.A 15-year maturity, 8% coupon bond paying coupons monthly is callable in 6 years at a call price of $1,050. The bond currently sells at a yield to maturity of 11%.a.What is the yield to call?b.What is the yield to call if the call price is $1,100 and the bond can be called in 4 years instead of 6 years?

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