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QUESTION
A firm's bonds have a maturity of 14 years with a $1,000 face value, have an 8% semiannual coupon, are callable in 7 years at $1,062, and currently...
A firm's bonds have a maturity of 14 years with a $1,000 face value, have an 8% semiannual coupon, are callable in 7 years at $1,062, and currently sell at a price of $1,114.97.
What is their nominal yield to maturity? Do not round intermediate calculations. Round your answer to two decimal places.
What is their nominal yield to call? Do not round intermediate calculations. Round your answer to two decimal places.
