1)

A Treasury issue is quoted at 121:21 bid and 121:25 ask. What is the least you could pay to acquire a bond? (Round your answer to 2 decimal places. Omit the "$" sign in your response.)

Price

$

2)

A 5,000 par value municipal bond with a coupon rate of 2.6 percent has a yield to maturity of 3.6 percent. If the bond has 8 years to maturity, what is the price of the bond? (Round your answer to 2 decimal places. Omit the "$" sign in your response.)

Price of the bond

$