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eBook Problem Walk-Through A firm's bonds have a maturity of 12 years with a $1,000 face value, have an 11% semiannual coupon, are callable in
eBook Problem Walk-Through A firm's bonds have a maturity of 12 years with a $1,000 face value, have an 11% semiannual coupon, are callable in 6 years at $1,204.63, and currently sell at a price of $1,359.81. What are their nominal yield to maturity and their nominal yield to call? Do not round intermediate calculations. Round your answers to two decimal places. YTM: % YTC: % What return should investors expect to earn on these bonds?
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