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Assume that you purchased an 6%, 25-year, $1,000 par, semiannual payment bond priced at $1,012.00 when it has 13 years remaining until maturity. Compute: a.
Assume that you purchased an 6\%, 25-year, \$1,000 par, semiannual payment bond priced at $1,012.00 when it has 13 years remaining until maturity. Compute: a. Its promised yield to maturity? Do not round intermediate calculations. Round your answer to two decimal places. % annually b. Its yield to call if the bond is callable in three years with a 9% premium? Do not round intermediate calculations. Round your answer to two decimal places. \% annually
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