1.) Yield to Maturity and Call with Semiannual Payments

Thatcher Corporation's bonds will mature in 16 years. The bonds have a face value of $1,000 and an 7.5% coupon rate, paid semiannually. The price of the bonds is $1,100. The bonds are callable in 5 years at a call price of $1,050. Do not round off intermediate. Round your answers to two decimal places.

What is their yield to maturity?

______%

What is their yield to call?

______%

2.) Yield to Maturity and Required Returns

The Brownstone Corporation's bonds have 5 years remaining to maturity. Interest is paid annually, the bonds have a $1,000 par value, and the coupon interest rate is 8%.

What is the yield to maturity at a current market price of $800? Round your answer to two decimal places.

_____%

What is the yield to maturity at a current market price of $1,056? Round your answer to two decimal places. ______ %