Thatcher corporation's bonds will mature in 12 years. the bonds have a face value of $1,000 and an 11.5% coupon rate, paid semiannually. the price of the bonds is $1,050. the bonds are callable in 5 years at a call price of $1,050. do not round intermediate calculations. round your answers to two decimal places. what is their yield to maturity?

Biochemical corp. requires $600,000 in financing over the next three years. the firm can borrow the funds for three years at 10.80 percent interest per year. the ceo decides to do a forecast and predicts that if she utilizes short-term financing instead, she will pay 7.50 percent interest in the first year, 12.15 percent interest in the second year, and 8.25 percent interest in the third year. assume interest is paid in full at the end of each year. a)determine the total interest cost under each plan. a) long term fixed rate: b) short term fixed rate: b) which plan is less costly? a) long term fixed rate plan b) short term variable rate plan