A 10-year, 12% semi-yearly coupon bond with a par value of $1,000 may be called in 4 years at a call price of $1,050. The bond sells for $1,050. (Suppose that the bond has just been issued.)
a. What is the bond's yield to maturity?
b. What is the bond's present yield?
c. What is the bond's capital gain/loss yield?
d. What is the bond's yield to call?