One year ago, Pesca Company issued a series of 13% semiannual coupon callable bonds with...
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One year ago, Pesca Company issued a series of 13% semiannual coupon callable bonds with a par value of $1,000 and maturity of ten years with the provision that the bond to be called in 6 years. The call price of the bonds is $1,065 per bond, and currently, the bonds are traded at $1,270 per bond in the bond market. What is the Pesca Company bonds' nominal yield to maturity? What is the Pesca Company bonds' nominal yield to call?
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