Question: (Please use a math, finance equation and/ or formula. DONT USE A SHEET CHART, EXCEL, OR GRAPH) 11. Last year Carson Industries issued a 10-year,

(Please use a math, finance equation and/ or formula. DONT USE A SHEET CHART, EXCEL, OR GRAPH)

11. Last year Carson Industries issued a 10-year, 13% semi-annual coupon bond at its par value of $1,000. Currently, the bond can be called in 6 years at a price of $1,065 and it sells for $1,200. What is the nominal yield to maturity and its normal yield to call? What will you earn? 9 years remaining

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