1. Calculate the value of a 6 year 2% coupon bond with semiannual payments, 1000 par. Expected return is the risk free rate of 3%.

Note: The correct answer is 945.4625. Please explain?

2. Calculate the accrued interest for a 1000 par bond if the next coupon is payable in 74 days and there are 182 days in a semiannual coupon period? Assume the annual coupon rate is 3.1%

Please use 5 decimal places in your response.

Note: Correct answer is 9.1978. Please explain?