1. ABC bonds were issued 20 years ago and carry a 5% coupon. These bonds mature in 5 years and currently sell for $878.34. Find the yield to maturity. Round intermediate steps and your final answer to four decimals and enter your answer in decimal format (EX: .XXXX).

2. Echo fund has $80 million in assets and $5 million in liabilities. Shares of the fund currently sell for $100, which represents a 20% discount below NAV. Find the number of shares outstanding. Round intermediate steps to four decimals and your final answer to the nearest whole share.