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Yield to maturity A firm's bonds have a maturity of 12 years with a $1,000 face value, have an 8% semiannual coupon, are callable in

Yield to maturity

A firm's bonds have a maturity of 12 years with a $1,000 face value, have an 8% semiannual coupon, are callable in 6 years at $1,066, and currently sell at a price of $1,123.66.

a. What is their nominal yield to maturity? Round your answer to two decimal places. b. What is their nominal yield to call? Round your answer to two decimal places.

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