Last year company X issued a 10-year, 12% semi-annual coupon bond at its par value of $1000. Currently, the bond can be called in 4 years at a price of $ 1,060 and it sells for $ 1,100. What are the bonds nominal YTM and nominal YTC ? Would the investor more likely be earning YTM or YTC ?

(b) Three bonds were issues at par value of $1000 and YTM of 8 %. Evaluate the price of below: 10-year, 10% annual coupon 10 year zero $100 perpetuity