1.) Blue Crab, Inc. plans to issue new bonds, but is uncertain how the market would set the yield to maturity. The bonds would be 13-year to maturity, carry a 14.66 percent annual coupon, and have a $1,000 par value. Blue Crab, Inc. has determined that these bonds would sell for $1,408 each. What is the yield to maturity for these bonds?

Round the answers to two decimal places in percentage form.

2.) What is the yield to call of a 30-year to maturity bond that pays a coupon rate of 12.24 percent per year, has a $1,000 par value, and is currently priced at $1,018? The bond can be called back in 4 years at a call price $1,056. Assume annual coupon payments.

Round the answer to two decimal places in percentage form.

You should use Excel or financial calculator.