What is the expected return to an investor who buys a bond for $1205? The semiannual bond has a coupon of 9.2% and 12 years until maturity. Market rates are 8.75%.

		6.27%
		6.66%
		6.29%
		6.69%

Menninger Corp's bonds currently sell for $875 and have a par value of $1,000. They pay a $65 annual coupon and have a 20-year maturity, but they can be called in 5 years at $1,050. What is their YTM (yield to maturity)?

		7.75%
		8.32%
		9.41%
		10.66%
		11.59%