Question: A bond that settles on June 7, 2008, matures on July 1, 2030, and may be called at any time after July 1, 2012, at

A bond that settles on June 7, 2008, matures on July 1, 2030, and may be called at any time after July 1, 2012, at a price of 108. The coupon rate on the bond is 8 percent and the price is 111.50. What is the yield to maturity and yield to call on this bond? Use the NASD 30/360-day count basis.

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