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A firm's bonds have a maturicy oi 14 , years with a $1,000 face value, 11ave un 16 semiannual coupon, are callable in 6 years

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A firm's bonds have a maturicy oi 14 , years with a $1,000 face value, 11ave un 16 semiannual coupon, are callable in 6 years at $1,061.35, and currently sell at a price of $1,116.75. What are their nominal yield to maturity and their nominal yield to call? Do not round intermediate calculations. Round your answers to two decimal places. VTM: What return should investors expect to earn on these bonds? YTC: I. Investors would not expect the bonds to be called and to eam the YTM because the rTM is greater than the YTc. II. Investors would not expect the bonds to be called and to earn the VTM because the YTM is less than the YTC. III. Investors would expect the bonds to be called and to earn the YTC because the YTC is less than the YTM

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