At the height of the COVID pandemic, the government of Greece issued a 2 percent annual coupon bond maturing in seven years. 

1. If the observed YTM at issuance was 2.00 percent, what was the issuance price (PV) per EUR100 of principal? 

2. Next, let’s assume that, exactly one year later, a sharp rise in Eurozone inflation drove the Greek bond’s price lower to EUR93.091 (per EUR100 of principal). What would be the implied YTM expected by investors under these new market conditions?