1)

A 5,000 par value municipal bond with a coupon rate of 4.3 percent sells for $4,594 and has six years until maturity. What is the yield to maturity of the bond? (Round your answer to 2 decimal places. Omit the "%" sign in your response.)

Yield to maturity of the bond

%

2)

A municipal bond has 6 years until maturity and sells for $5,000. If the coupon rate on the bond is 5.61 percent, what is the yield to maturity? (Round your answer to 2 decimal places. Omit the "%" sign in your response.)

Yield to maturity

%