YIELD TO MATURITY A firm's bonds have a maturity of 14 years with a $1,000...
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YIELD TO MATURITY A firm's bonds have a maturity of 14 years with a $1,000 face value, have an 11% semiannual coupon, are callable in 7 years at $1,237, and currently sell at a price of $1,404.96. a. What is their nominal yield to maturity? Do not round intermediate calculations. Round your answer to two decimal places. 3.27 % b. What is their nominal yield to call? Do not round intermediate calculations. Round your answer to two decimal places. 3.23 %
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