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Arnot International's bonds have a current market price of $ 1 , 3 5 0 . The bonds have a 1 2 % annual coupon

Arnot International's bonds have a current market price of $1,350. The bonds have a 12% annual coupon payment, a $1,000 face value, and 10 years left until maturity. The bonds may be called in 5 years at 109% of face value (call price = $1,090).
a) What is the yield to maturity? Round your answer to two decimal places.
b) What is the yield to call if they are called in 5 years? Round your answer to two decimal places

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