1. Pacific Telecom is proud of a customer retention rate of 90%. A cautious firm, its corporate discount rate is a high 14%. Calculate the margin multiple for Pacific Telecom. Rounding: 2 decimal places.
2. Heginbotham Corp. issued 20-year bonds two years ago at a coupon rate of 8.6 percent. The bonds make semiannual payments. If these bonds currently sell for 107 percent of par value, what is the YTM? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) YTM %