Please see below - please answer last two questions. Thank you.

Field to maturity {LI/TM) is the rate of' return expected from a bond held until its maturity date. However; the YTM equals the expected rate of return under oertain assumptions. Whicl'l of the following is one of these assumptions? 9 The bond will not he called. 0 The bond has an early redemption feature. Consider the case of Swing Co.: Swing Co. has 9% annual coupon bonds that are callable and have 18 years leFt until maturity. The bonds have a par value of $1,0, and their current market price is $1,190.35. Hoirlleyer,r Swing Co. may call the bonds in eight years at a call price of' $1r. What are the 'r'TM and the yield to call {YTC} on Swing Co.'s bonds? If interest rates are expected to remain constant, what is the best estimate of the remaining life left for Swing Co's bonds? If Swing Co. issued new bonds today, what coupon rate must the bonds have to be issued at par