1.)

Grohl Co. issued 19-year bonds a year ago at a coupon rate of 10 percent. The bonds make semiannual payments. If the YTM on these bonds is 9 percent, what is the current bond price?

$1,067.97

$1,088.33

$1,098.33

$583.75

$1,798.97

2.)

What is the present value of $1,500 per year, at a discount rate of 11 percent, if the first payment is received 8 years from now and the last payment is received 31 years from now?

$5,910.80

$6,031.43

$5,972.39

$12,622.20

$2,763.17