Energy Tech company issued an 8% (semiannual payment) 20 year bond 5 years ago. a). If the yield of similar bond today is 6%, what is the bond price? What is the current yield? b). If you expect the company to call the bond 3 years from today and will pay the principal plus two years coupon interests as penalty what price you should pay for this bond?
Help without utilizing excel or finance calculator would be great.