1. New Earth Corp issued 18-year bonds 2 years ago at a coupon rate of 10.6 percent. The bonds make semiannual payments. If these bonds currently sell for 97 percent of par value, the YTM is ___ %

2. Both Bond Sam and Bond Dave have 12 percent coupons, make semiannual payments, and are priced at par value. Bond Sam has 2 years to maturity, wheareas Bond Dave has 15 years to maturity. If interest rates suddenly rise by 2 percent, the percentage change in the price of Bonds Sam and Dave is____ percent and ____percent, respectively.