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A firm's bonds have a maturity of 12 years with a $1,000 face value, have an 3% semiannual coupon, are calable in 6 years at

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A firm's bonds have a maturity of 12 years with a $1,000 face value, have an 3% semiannual coupon, are calable in 6 years at $1,059.68, and currently sell at a price of $1.110.59 What is their nominal yield to maturity? Do not round intermediate calculations. Round your answer to two decimal places What is their nominal yield to call? Do not round intermediate calculations. Round your answer to two decimal places. What return should investors expect to earn on these bonds? 1. Investors would not expect the bonds to be called and to earn the YTM because the YTM is less than the YTC II. Investors would expect the bonds to be called and to earn the YTC because the YC is less than the YTM 11. Investors would expect the bonds to be called and to earn the YTC because the YTM is fess than the YC TV. Investors would expect the bonds to be called and to earn the YC because the VTC is greater than the YTH V. Investors would not expect the bands to be called and to earn the YTH because the YTM is greater than the YTC. Select

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