Question: h&M has just issued a callable (at par) 9 year, 9% coupon bond with annual coupon payments. The bond can be called at par in

h&M has just issued a callable (at par) 9 year, 9% coupon bond with annual coupon payments. The bond can be called at par in one year or anytime thereafter on a coupon payment date. It has a price of $96 per $100 face value. What is the bond's yield to call?

Apple has just issued a callable (at par) 9 year, 15% coupon bond with annual coupon payments. The bond can be called at par in one year or anytime thereafter on a coupon payment date. It has a price of $105 per $102 face value. What is the bond's yield to call?

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