Please dont add annuities or google formulas

Do it according to BA+ Calculator

1. A 12-year, 7.5% bond is callable in 4 years at a call price of S1,045. If the bond pays semi-annual coupons and is currently selling for $1,038, then calculate the Yield-to-Maturity (YTM) and Yield-to- Call (YTC) of the bond. Comment if the bond will likely be called. Valuing Bonds (L02) The Metchosin Corporation has two different bonds currently outstanding. Bond M has a face value of $20,000 and matures in 20 years. The bond makes no payments for the first six years, then pays S1.100 every six months over the subsequent eight years, and finally pays $1,400 every six months over the last six years Bond N also has a face value of $20,000 and a maturity of 20 years; it makes no coupon payments over the life of the bond. If the required retum on both these bonds is 7 percent compounded 2. semiannually. what is the current price of bond M? Of bond N