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Problem 7-4 Yield to maturity A firm's bonds have a maturity of 8 years with a $1,000 face value, have an 8% semiannual coupon, are
Problem 7-4 Yield to maturity
A firm's bonds have a maturity of 8 years with a $1,000 face value, have an 8% semiannual coupon, are callable in 4 years at $1,041, and currently sell at a price of $1,082.07.
What is their nominal yield to maturity? Do not round intermediate calculations. Round your answer to two decimal places. %
What is their nominal yield to call? Do not round intermediate calculations. Round your answer to two decimal places. %
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