1. Blue Water Homes have 8 percent bonds outstanding that mature in 13 years. The bonds pay interest semiannually. These bonds have a par value of $1,000 and are callable in 2 years at a premium of $75. What is the yield to call if the current price is equal to 103.25 percent of par?
7.51 percent
7.70 percent
8.06 percent
8.98 percent
9.66 percent
2. A $1,000 semiannual coupon bond matures in 15 years, has a coupon rate of 7.5 percent, and a market price of $982. What is the yield to maturity?
3.86 percent
4.01 percent
4.08 percent
7.53 percent
7.70 percent