1) Smiths Dairy Products bond matures in 8 years, has a par value of $1,000, makessemiannual interest payments, and has a coupon rate of 6.5%. The market requires an interest rate of 8.2% on this bond. What is the bonds price?

2) The 8%, $1,000 face value bond of Glenmore Foods is currently selling at $1,027. The bond has 16 years left to maturity. What is the current yield (also known as coupon yield) of this bond?