1. Compute the price of a 5.0 percent coupon bond with 10 years left to maturity and a market interest rate of 7.8 percent. (Assume interest payments are semiannual.)

Bond price?

2. Consider the following three bond quotes: a Treasury bond quoted at 105.4688, a corporate bond quoted at 96.20, and a municipal bond quoted at 100.60. If the Treasury and corporate bonds have a par value of $1,000 and the municipal bond has a par value of $5,000, what is the price of the treasury note?