Question: A 6.25% 15-year bond, paying interest annually, can be called at 110% of par value in 10 years. The bond currently sells for $1,048. a.

A 6.25% 15-year bond, paying interest annually, can be called at 110% of par value in 10 years. The bond currently sells for $1,048.
a. What is the yield to maturity?
b. What is the yield to call?

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