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A firm's bonds have a maturity of 14 years with a $1,000 face value, have an 8% semiannual coupon, are callable in 7 years at
A firm's bonds have a maturity of 14 years with a $1,000 face value, have an 8% semiannual coupon, are callable in 7 years at $1,062.23, and currently, sell at a price of $1,117.10.
1. What is their nominal yield to maturity?
2. What is their nominal yield to call?
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