1. Palmer Products has outstanding bonds with an annual 8 percent coupon. The bonds have a par value of $1,000 and a current price of $1,295.00. The bonds will mature in 11 years. What is the yield to maturity on the bonds?

   	a.	10.09%
   	b.	7.50%
   	c.	4.53%
   	d.	3.90%
   	e.	2.54%

2. If the bonds of Palmer Products referenced in the previous question may be called after 6 years at a 10% call premium (i.e. $1,100), what is the yield to call for the bonds?

   	a.	10.09%
   	b.	7.50%
   	c.	4.53%
   	d.	3.90%
   	e.	2.54%