You just purchased a bond that matures in 4 years. The bond has a face value of $1,000 and has a 9% annual coupon. The bond has a current yield of 7.63%. What is the bond's yield to maturity? Do not round intermediate calculations. Round your answer to two decimal places.

Yield to Maturity and Call with Semiannual Payments

Thatcher Corporation's bonds will mature in 12 years. The bonds have a face value of $1,000 and an 11.5% coupon rate, paid semiannually. The price of the bonds is $1,050. The bonds are callable in 5 years at a call price of $1,050. Do not round intermediate calculations. Round your answers to two decimal places.