Question: General Electric has just issued a callable ( at par ) 1 0 - year, 5 . 7 % coupon bond with annual coupon payments.

General Electric has just issued a callable(at par)10-year, 5.7% coupon bond with annual coupon payments. The bond can be called at par in one year or anytime thereafter on a coupon payment date. It has a price of $102.35.
a. What is the bond's yield to maturity?
b. What is its yield to call?
c. What is its yield to worst?

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