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Mr. Clark is considering another bond, Bond D. It has a 9% semiannual coupon and a $1,000 face value (i.e., it pays a $45 coupon
Mr. Clark is considering another bond, Bond D. It has a 9% semiannual coupon and a $1,000 face value (i.e., it pays a $45 coupon every 6 months). Bond D is scheduled to mature in 9 years and has a price of $1,150. It is also callable in 6 years at a call price of $1,080.
What is the bond's nominal yield to maturity? Round your answer to two decimal places.
fill in the blank %
What is the bond's nominal yield to call? Round your answer to two decimal places.
fill in the blank %
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