A 40-year maturity, 10% coupon bond paying coupons semiannually is callable in five years at a call price of $1,150. The bond currently sells at a yield to maturity of 9% (4.5% per half-year). a. What is the yield to call annually? (Do not round intermediate calculations. Round your answer to 3 decimal places.)

One country has a comparative advantage over another country in the production of a good if ithas a curved production possibilities curve and the other country has a linear production possibilities curve.has lower fixed costs than the other country. has a linear production possibilities curve and the other country has a curved production possibilities curve.is a lower opportunity cost producer of the good.