1. A 10-year zero coupon bond has face value of $1,000 and yield to maturity of 5.78 percent. Assuming semiannual compounding, what should the bond sell for today?

2. A firm plans to raise $50 million by issuing 13 - year, 6.20 percent semiannual coupon bonds with face value of $1,000 and yield to maturity of 5.18 percent. What is the minimum number of these bonds the firm needs to sell to meet its objective?