1. A Japanese company has a bond outstanding that sells for 94 percent of its 100,000 par value. The bond has a coupon rate of 6.1 percent paid annually and matures in 17 years. What is the yield to maturity of this bond?

2. Draiman Corporation has bonds on the market with 17.5 years to maturity, a YTM of 7.8 percent, a par value of $1,000, and a current price of $1,066. The bonds make semiannual payments. What must the coupon rate be on these bonds?