BOND YIELDS Last year Carson Industries issued a 10-year, 14% semiannual coupon bond at its par value of $1,000. Currently, the bond can be called in 6 years at a price of $1,070 and it sells for $1,350. a. What is the bond's nominal yield to maturity? Do not round intermediate calculations. Round your answer to two decimal places. 8.68 % What is the bond's nominal yield to call? Do not round intermediate calculations. Round your answer to two decimal places. 7.58 Would an investor be more likely to earn the YTM or the YTC? Since the YTM is above the YTC, the bond is likely to be called. b. What is the current yield? (Hint: Refer to Footnote 7 for the definition of the current yield and to Table 7.1.) Round your answer to two decimal places. 10.37 % Is this yield affected by whether the bond is likely to be called? I. If the bond is called, the capital gains yield will remain the same but the current yield will be different. II. If the bond is called. the current vield and the capital aains vield will both be different