1. A Japanese government bond with a $1,000 face value has a 1.75% annual coupon rate. The bond matures in 8 years. The current YTM on the bond is -0.6% (negative!). What is this bond worth? Round to the nearest cent.

2. A quarterly coupon bond has a face value of $1,000 and a coupon rate of 4.5%. Time to maturity is 18 years and the current yield to maturity is 3.5%. How much is this bond worth? Round to the nearest cent.