A bond with 9 years remaining until maturity is currently trading for 105 per 100 of par value. The bond offers a 7.0% coupon rate with interest paid annually. The bond is first callable in 4 years and is callable after that date on coupon dates according to the following schedule:

End of Year	Call Price
4	103.00
6	102.00
8	101.00

a. Calculate the yield-to-maturity for this bond.

b. Calculate the yield-to-first-call for this bond.

c. Calculate the yield-to-second-call for this bond.

d. Calculate the yield-to-third-call for this bond.

e. What is the yield-to-worst for this bond?

f. Assuming market yields are flat and don't change, is it likely that the bond will be called early? If so, when?

State your yield calculations as percentages to three decimal places.