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For the bonds in the following questions, assume semiannual coupons/compounding. 9. A 20-year bond has a...

For the bonds in the following questions, assume semiannual coupons/compounding.

9. A 20-year bond has a coupon rate of 9%, a par value of $1000. If the bond’s YTM is 7%, what is the bond’s price?

10. What is the capital gains yield of the bond in #9?

11.Now suppose the bond in #9 is callable in 10 years with a call price of $1075. What is the bond’s yield to call?

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