1) "A coupon bond that pays interest semiannually has a par value of $1000, matures in 3 years, and has a yield to maturity of 6%. If the coupon rate is 10%, the value of the bond today will be __________. "

2) "A callable bond pays annual interest of $25, has a par value of $1000, matures in 4 years but is callable in 2 years at a price of $1100, and has a value today of $1100. The yield to call on this bond is _________. Note: Express your answers in strictly numerical terms. For example, if the answer is 5%, write 0.05"