A 30-year maturity, 7.5% coupon bond paying coupons semiannually is callable in five years at a call price of $1,175. The bond currently sells at a yield to maturity of 6.5% (3.25% per half-year).

a. What is the yield to call? (Do not round intermediate calculations. Round your answer to 2 decimal places.)

Yield to call             %

b. What is the yield to call if the call price is only $1,125? (Do not round intermediate calculations. Round your answer to 2 decimal places.)

Yield to call             %   

c. What is the yield to call if the call price is $1,175 but the bond can be called in two years instead of five years? (Do not round intermediate calculations. Round your answer to 2 decimal places.)

Yield to call             %