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 $1,043, and currently sell at a price of $1,085.94.

What is their nominal yield to maturity? Round your answer to two decimal places. %

What is their nominal yield to call? Round your answer to two decimal places. %

Problem 7-11 Bond yields

One year ago Clark Company issued a 10-year, 15% semiannual coupon bond at its par value of $1,000. Currently, the bond can be called in 6 years at a price of $1,075, and it now sells for $1,280.

What is the bond's nominal yield to maturity? Round your answer to two decimal places. % What is the bond's nominal yield to call? Round your answer to two decimal places. %

What is the current yield? (Hint: Refer to Footnote 7 for the definition of the current yield and to Table 7.1.) Round your answer to two decimal places. % What is the expected capital gains (or loss) yield for the coming year? Round your answer to two decimal places. %