Question

A 20-year, 8% annual coupon bond with a par value of $1,000 may be called in 5 years at a call price of $1,040. The bond sells for $1,100. (Assume that the bond has just been issued.)
Basic Input Data:
Years to maturity:		20
Periods per year:		1
Periods to maturity:		20
Coupon rate:		8%
Par value:		$1,000
Periodic payment:		$80
Current price		$1,100
Call price:		$1,040
Years till callable:		5
Periods till callable:		5
a.   What is the bond's yield to maturity?				7.05%
b.   What is the bond's current yield?				7.69%
d.   What is the bond's yield to call?				7.27%

Please check my answers and shoe work!!!!

Answer 1