1. John wants to invest her recent bonus in nine year bond that pays a coupon of 6% semiannually. The bonds are selling at $930 today. If he buys the bond and holds it to maturity. What would be his yield?

2.John has been offered a 15 year bond issued by Apple, Inc. At a price of $875. The bond has a coupon rate of 7% and pays the coupon semiannually. Similar bonds in the market will yield 9% today. Should he buy the bonds at offered price? Wha is the bond worth?