Bond Pricing

c. This time we use the same formula as in a, except the time to first call is 2 years instead of 5 years: Using Excel, or plugging into a financial calculator n = 4, PV = 1124.72, FV = 1100, PMT = 40 gives us yield to call = 3.031% semiannually. 22. 2-year bond, par value of $1000, annual coupon payments of $100, priced at $1000. What’s the YTM? ................
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