Provide:
Renfro Rentals has issued bonds that have a 10% coupon rate, payable semiannually. The bonds mature in 14 years, have a face value of $1,000, and a yield to maturity of 10%. What is the price of the bonds? Please provide all computation and formulas.
Thatcher Corporation's bonds will mature in 13 years. The bonds have a face value of $1,000 and an 9.5% coupon rate, paid semiannually. The price of the bonds is $1,150. The bonds are callable in 5 years at a call price of $1,050 Please provide all computation and formulas.
Question: What is their yield to maturity?
Question: What is their yield to call?