The computation for the yield to call YTC is the same as

Question

The computation for the yield to call (YTC) is the same as that for the yield to maturity (YTM), except that we substitute the _____ of the bond for the maturity (par) value and _____ for the years to maturity.

a. market price; the number of years until the bond can be first called

b. face value; five years

c. call price; the number of years until the bond can be first called

d. principal value; 10 years

e. issue price; the number of years until the bond can be first called

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