Last year Carson Industries issued a 10-year, 15% semiannual coupon bond at its par value of $1,000. Currently, the bond can be called in 6 years at a price of $1,075 and it sells for $1,270. a.

What is the bond's nominal yield to maturity? Do not round intermediate calculations. Round your answer to two decimal places. 9. %

b.What is the bond's nominal yield to call? Do not round intermediate calculations. Round your answer to two decimal places. 16 % Would an investor be more likely to earn the YTM or the YTC? -Select-

c.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. %