Question: A $1000 dollar's ( par value) bond currently sells for $ 1280.it pays a $110 annual coupon and has a 20-year maturity, but it can

A $1000 dollar's ( par value) bond currently sells for $ 1280.it pays a $110 annual coupon and has a 20-year maturity, but it can be called in 5 years at $1110.What are its yield to maturity (YTM) and its yield to call(YTC), respectively.

(a) YTM= 8.12% AND YTC=6.25%

(b) YTM= 8.38% AND YTC=6.85%

(d) YTM=10.10% AND YTC=8.50%

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