11. Yield to Call and Realized Rates of Return. Goodwyn & Wolf Inc. (G&W) issued a bond 7 years ago. The bond had a 20 year maturity, a 14% coupon paid annually, a 9% call premium, and was issued at par $1,000. Today,G&W called the bonds. If the original investors had expected G&W to call the bonds in 7 years, what was the yield to call at the time the bonds were issued?

12. Bond Yields and Rates of Return. A 10 year, 12% semiannual coupon bond with a par value of $1,000 may be called in 4 years at a call price of $1,060. The bond sells for $1,100. (Assume that the bond has just been issued).

1. What is the bond's yield to maturity?

2. What is the bonds current yield?

3. What is the bond's capital gain or loss yield?

4. What is the bond's yield to call?