Nellie Fox acquired at par a bond for $1000 that offered a 9% coupon rate. At the time of purchase, the bond had four years to maturity. Assuming annual interest payments, calculate Nellie%u2019s...

Nellie Fox acquired at par a bond for $1000 that offered a 9% coupon rate. At the time of purchase, the bond had four years to maturity. Assuming annual interest payments, calculate Nellie%u2019s actual yield to maturity if all the interest payments were reinvested in an investment earning 15% per year. What would Nellie%u2019s actual yield to maturity be if all interest payments were spent immediately on receipt?