You are purchasing a bond that currently sold for $985.63. It has the time-to-maturity of 10 years and a coupon rate of 6%, paid semi-annually. The bond can be called for 1,020 in 3 years
a. Is the bond sold at a premium, par or discount?
b. What is the yield- to- call of the bond?
c. What is the yield -to- maturity of the bond?
d. What is the price of the bond 4 years from today if the bond is not called and it has the yield to maturity is 6.23%?