Consider again the American Telephone & Telegraph 8 1⁄8 percent debentures that mature on July 15, 2024 (see problem 6). Determine the yield to call if the bonds are called on July 15, 2010 at $1,016.55.Problem 6 – American Telephone & Telegraph has issued 8 1⁄8 percent debentures that will mature on July 15, 2024. Assume that interest is paid and compounded annually. If an investor purchased a $1,000 denomination bond for $1,025 on July 15, 2004, determine the bond’s yield to maturity. Explain why an investor would be willing to pay $1,025 for a bond thatis going to be worth only $1,000 at maturity.