A bond with 5 years remaining until maturity is currently trading for $101 per $100 of par value. The bond offers a 5% coupon rate with interest paid semiannually. The bond is first callable in 3 years, and is callable after that date on coupon dates according to the following schedule:
End of Year Call Price
3 $102
4 $101
5 $100
1. What is the bond’s annual yield-to-maturity?
2. What is the bond’s annual yield-to-first-call?
3. What is the bond’s annual yield-to-second-call?
4. What is the bond’s yield-to-worst?
Please Show Work and Explain.