Clark Company has a $25-$year, $7\mathrm{.}10\%$ semiannual coupon bond with a par value of $$1,000.$ Currently, the bond can be called in $23$ years at a price of $$1,071$ and it currently sells for $$1,100.$

a$)$ What is the bond's nominal yield to maturity?

b$)$ What is the bond's nominal yield to call?

c$)$ What is the bond's current yield?

a$)3\mathrm{.}15\%$; b$)3\mathrm{.}20\%$; c$)6\mathrm{.}45\%$

a$)6\mathrm{.}30\%$; b$)3\mathrm{.}20\%$; c$)3\mathrm{.}23\%$

a$)6\mathrm{.}30\%$; b$)6\mathrm{.}40\%$; c$)6\mathrm{.}45\%$