Question: *CANNOT USE EXCEL TO SOLVE. CAN USE CALCULATOR FUNCTIONS. PLEASE SHOW ALL STEPS. Q: A firms bonds have a maturity of 17 years with a

*CANNOT USE EXCEL TO SOLVE. CAN USE CALCULATOR FUNCTIONS. PLEASE SHOW ALL STEPS.

Q: A firms bonds have a maturity of 17 years with a $1,000 face value, a 12 percent semiannual coupon, are callable in 5 years at $1,050, and currently sell at a price of $1,133. What is their yield to maturity (YTM)?

Q: A firms bonds have a maturity of 15 years with a $1,000 face value, a 12 percent semiannual coupon, are callable in 6 years at $1,070, and currently sell at a price of $1,129. What is their yield to call (YTC)?

Q: An investor purchased the 4 bonds listed below. Each of them had a 10 percent yield to maturity at the time of purchase. Which one would experience the greatest percentage price change if the YTM on each bond fell to 9 percent?

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