1. A 9% semiannual coupon bond with $1000 par value last paid its coupon 116 days ago. Calculate the accrued interest. Assume there are 182 days in 6 months. Round to the nearest 2 decimal points. For example, if the answer is 123.4567, then enter "123.46". Margin for error: +/- 0.50.

2. CCA stock is currently trading at $51.69. CCA call option with a strike price of $50 is currently trading at $7.82. Calculate the time value of this option.

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