Channel Marker Ships (CMS) has a 14-year callable bond with a $1,000 face value and a call value, or redemption price equal to $1,070. The coupon rate of interest is 7 percent, which is paid...

Channel Marker Ships (CMS) has a 14-year callable bond with a $1,000 face value and a call value, or redemption price equal to $1,070. The coupon rate of interest is 7 percent, which is paid semiannually. Currently, the bonds is selling for $886.
(a)
What is the bond's yield to maturity?
(b)
If the bond can be called in six years, what is its yield to call?