1. Industrial Industries' bonds mature $15$ years from today and have par value of $$1,000.$ The bonds have a YTM of $7\mathrm{.}95\%$ and a coupon rate of $8\mathrm{.}85\%.$ Assuming the bonds pay interest annually, how much should these bonds sell for?

2. Amalgamated Industries bonds have a face value of $$1,000$ and make interest payments of $$42$ every six months. If these bonds currently sell for $$1,140,$ what is the current yield on these bonds?