The WeLove This Class More Everyday Company has 8 year, $1,000 par value, 6% coupon (paid annually) bonds currently selling at $1064.63. The bond can be called in 4 years at a premium price of $1, 060. SHOW ALL WORK USING THE Tl BAN Plus Calculator.
a) What is the yield to maturity (YTM) of this bond?
b) What is the yield to call (YTC) of this bond?