What is their yield to maturity

Reference no: EM13255655

Thatcher Corporation's bonds will mature in 10 years. The bonds have a face value of $1,000 and an 8% coupon rate, paid semiannually. The price of the bonds is $1,100. The bonds are callable in 5 years at a call price of $1,050. What is their yield to maturity? What is their yield to call?

Please show all of your steps. I'm having issues working the formula to produce the correct answer. I found the correct answer in the practice problems but am unsure of how to get to this answer.

Reference no: EM13255655

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