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Pasta plc has 10 million shares of equity outstanding. The current share price is 50 and the book value per share is 5. Pasta plc

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Pasta plc has 10 million shares of equity outstanding. The current share price is 50 and the book value per share is 5. Pasta plc also has two bond issues outstanding. The first bond issue has a face value of 70 million, has an 8% coupon, and sells for 93% of its par value. The second issue has a face value of 55 million, has a 10% coupon, and sells for 110% of its par value. The first issue matures in 5 years while the second issue matures in 7 years. The two bonds make semi-annual payments. The tax rate is 28%. Estimate the yield to maturity of both issues to the nearest whole number

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