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EX6. 3. Five years ago Messy House Painting issued a 15-year bond with a $1,000 maturity value and a 6 percent coupon rate of interest.
EX6. 3.
Five years ago Messy House Painting issued a 15-year bond with a $1,000 maturity value and a 6 percent coupon rate of interest. Interest is paid semiannually. The bond is currently selling for $864.
What is the bond's yield to maturity? Do not round intermediate calculations. Round your answer to one decimal place.
%
If the bond can be called in four years for a redemption price of $1,025, what is the bond's yield to call? Do not round intermediate calculations. Round your answer to one decimal place.
%
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