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1. A semiannual coupon bond with a coupon rate of 7% and face value of $1000 trades at $1250. It matures in 12 years. What

1. A semiannual coupon bond with a coupon rate of 7% and face value of $1000 trades at $1250. It matures in 12 years. What is its yield to maturity (YTM)? Answer in percent and round to two decimal places.

2. A 5 year semiannual coupon bond with a face value of $1,000 trades at $902. The market-determined discount rate is 7%. What is the coupon rate? Answer in percent and round to two decimal places.

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