Thatcher Corporation's bonds will mature in 13 years. The bonds have a face value of $1,000 and an 9.5% coupon rate, paid semiannually. The price of the bonds is $1,150. The bonds are callable in 5 years at a call price of $1,050. Round your answers to two decimal places.

What is their yield to maturity? %

What is their yield to call? %

Yield to Call and Realized Rates of Return

Nine years ago, Goodwynn & Wolf Incorporated sold a 16-year bond issue with a 11% annual coupon rate and a 10% call premium. Today, G&W called the bonds. The bonds originally were sold at their face value of $1,000. Compute the realized rate of return for investors who purchased the bonds when they were issued and who surrender them today in exchange for the call price. Round your answer to two decimal places.

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