1. Stone Sour Corp. issued 20-year bonds 7 years ago at a coupon rate of 7.60 percent. The bonds make semiannual payments. If these bonds currently sell for 106 percent of par value, what is the YTM?

2.Bond X is a premium bond making semiannual payments. The bond pays a 11 percent coupon, has a YTM of 9 percent, and has 15 years to maturity. Bond Y is a discount bond making semiannual payments. This bond pays a 9 percent coupon, has a YTM of 11 percent, and also has 15 years to maturity. What is the price of bond X and Y?