Four years ago Messy House Painting issued a 20-year bond with a $1,000 maturity value and a 5 percent coupon rate of interest. Interest is paid semiannually . The bond is currently selling for $777....

Four years ago Messy House Painting issued a 20-year bond with a $1,000 maturity value and a 5 percent coupon rate of interest. Interest is paidsemiannually. The bond is currently selling for $777.

1. 
   

   What is the bond's yield to maturity? Do not round intermediate calculations. Round your answer to one decimal place.

   
   

     _______%

   
   


2. 
   

   If the bond can be called in three years for a redemption price of $1,069, what is the bond's yield to call? Do not round intermediate calculations. Round your answer to one decimal place.

   
   

     _______%

   
   

Extracted text: Four years ago Messy House Painting issued a 20-year bond with a $1,000 maturity value and a 5 percent coupon rate of interest. Interest is paid semiannually. The bond is currently selling for $777. a. What is the bond's yield to maturity? Do not round intermediate calculations. Round your answer to one decimal place. % b. If the bond can be called in three years for a redemption price of $1,069, what is the bond's yield to call? Do not round intermediate calculations. Round your answer to one decimal place. %