Question: PLEASE WRITE WORK ON PAPER. PLEASE DO NOT SHOW WORK IN EXCEL. NEED FULL WORK SHOWN 8. A 15-year maturity, 8% coupon bond paying coupons

PLEASE WRITE WORK ON PAPER. PLEASE DO NOT SHOW WORK IN

PLEASE WRITE WORK ON PAPER. PLEASE DO NOT SHOW WORK IN EXCEL. NEED FULL WORK SHOWN

8. A 15-year maturity, 8% coupon bond paying coupons semiannually is callable in 7 years at a call price of $1,050. The bond currently sells at a yield to maturity of 9% (4.5% per six months). a. What is the yield to call? b. What is the yield to call if the call price is $1,100 and the bond can be called in 3 years instead of 7 years

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