June 7, 2019, matures on July 1, 2039, and may be called at any time after July 1, 2029, at a price of 146. The coupon rate on the bond is 6.8 percent and the price is 160.00. What are the yield to maturity and yield to call on this bond? (Do not round intermediate calculations. Enter your answers as a percent rounded to 2 decimal plac

EBK CONTEMPORARY FINANCIAL MANAGEMENT
14th Edition
ISBN:9781337514835
Author:MOYER
Publisher:MOYER
Chapter6: Fixed-income Securities: Characteristics And Valuation
Section: Chapter Questions
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A bond that settles on June 7, 2019, matures on July 1, 2039, and may be called at any time after July 1, 2029, at a price of 146. The coupon rate on the bond is 6.8 percent and the price is 160.00. What are the yield to maturity and yield to call on this bond? (Do not round intermediate calculations. Enter your answers as a percent rounded to 2 decimal places.)

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