Question: a 2 0 - year, 1 0 % semi - annual coupon bond is callable in five years at a call price of 1 ,

a 20-year, 10% semi-annual coupon bond is callable in five years at a call price of 1,200. The bond currently sells at a YTM of 6%.
a.) what is the yield-to-call (YTC)?
b.) what is the YTC if the price is only 1,100?
c.) what is the YTC if the call price is 1,100 but the bond can be called immediately instead of five years?

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