Question 3 < > A 4.5% semi-annual coupon bond with 17 years left to maturity can be called in 7 years. The call premium is one year of coupon payments, and the "call price" is par value plus this call premium. The bond may be purchased for $1027. NOTES: 1. Please provide the inputs/output as follows: N =, I/Y = (as %), PV, PMT =, FV = ... Remember, your CY and PY calculator value: should be set to 1. 2. Please enter your YTM answer as a percentage with 2 decimal places - just like on calculator, i.e. 10.25 for 10.25%. A. What is the bond's YTM? N = I/Y => PV = $ PMT = $ FV = $ % (enter as you would on calculator, 10.25 for 10.25%) (please enter as a negative number) YTM = B. What is the bond's YTC? N = % (enter as you would on calculator, 10.25 for 10.25%) 1/Y = PV = $ % (enter as you would on calculator, 10.25 for 10.25%) (please enter as a negative number) PMT = $ FV = $