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A firm's bonds have a maturity of 12 years with a $1,000 face value, have an...

A firm's bonds have a maturity of 12 years with a $1,000 face value, have an 11% semiannual coupon, are callable in 6 years at $1,215, and currently sell at a price of $1,379.19.

What is their nominal yield to maturity? Do not round intermediate calculations. Round your answer to two decimal places.

What is their nominal yield to call? Do not round intermediate calculations. Round your answer to two decimal places.

Lourdes Corporation's 12% coupon rate, semiannual payment, $1,000 par value bonds, which mature in 25 years, are callable 5 years from today at $1,050. They sell at a price of $1,269.64, and the yield curve is flat. Assume that interest rates are expected to remain at their current level.

  1. What is the best estimate of these bonds' remaining life? Round your answer to two decimal places.
      years
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