1. Ruth Jones wants to invest in 4-year bonds with a face value of $1000 that are currently priced at $772.89. These bonds have a coupon rate of 4.15 per cent and pay semiannual coupons. What is the current market yield on this bond?

2. James Millet bought 10-year, 14.92 per cent coupon bonds issued by the Australian government 3 years ago at $913.44. If he sells these bonds, which have a face value of $1000, at the current price of $771.37, what is the realised yield on the bonds? Assume annual coupons on similar coupon-paying bonds.