A-Bonds issued by the Coleman Manufacturing Company have a par value of $1,000, which is also the amount of principal to be paid at maturity. The bonds are currently selling for $860. They have 10 years to maturity. Annual interest is 10 percent ($100), paid semiannually.

Compute the yield to maturity. (Round the final answer to 2 decimal places.)

Yield to maturity %

B-

Bonds issued by the Tyler Food chain have a par value of $1,000, are selling for $1,430, and have 20 years remaining to maturity. Annual interest payment is 16.5 percent ($165), paid semiannually.

Compute the approximate yield to maturity. (Round the final answer to 2 decimal places.)

Approximate yield to maturity %