An $11-$year bond of a firm in severe financial distress has a coupon rate of $12\%$ and sells for $$910.$ The firm is currently renegotiating the

debt, and it appears that the lenders will allow the firm to reduce coupon payments on the bond to one$-$half the originally contracted

amount. The firm can handle these lower payments.

Required:

What are the stated and expected yields to maturity of the bonds? The bond makes its coupon payments annually. $($Do not round

intermediate calculations. Round your answers to $2$ decimal places.$)$

Stated yield to maturity

Expected yield to maturity