rate. In addition, you need ta make sure that the signs for PMT and PV are identical and the opposite sign is used for PV; otherwise, your answer Will be incorrect. A company is more likely to call its bonds if they are able to replace their current high-coupon debt with less expensive financing. A bond is more likely to be colled if its price is parmbecouse this means that the going market interest rate is less than its coupon. rate. Quantitative Problem: Ace Products has a bond issue outstand we with 15 years remaining to maturity, o coupon rate of 9 \%h with semiannual payments of $45, and a par value of $1,000. The price of each bond in the issue is $1,180,00, The bond issue is callable in 5 years at a call price of $1,090 What is the bond's current vield? Da not round intermediate calculations. Round your ariswer to two decumal ploces. What is the bond's nominal annusl vield to maturity (YMM)? Do not round intermediate calculationil. Raund your answer to two decimal places. What is the bond's nominel annual vield to cail (VTC)? De not round intermediato calculations, Round vour answer to two decimal placks. Assuming interest rates remain at current levels, will the bond issue be called? The firm cell the bond.