A 20-year, $1,000 par value bond has a 7% annual payment coupon. The bond currently sells for $820. If the yield to maturity remains at the current rate, what will the price be 10 years from now?
Arco industries has a bond outstanding with 15 years to maturity, an 8.25% nominal coupon, semiannual payments, and a $1,000 par value. The bond has a 8.40% yield to matuirty, but it can be called in 6 years at a price of $1,045. What is the bonds yield to call?