1- The market price is $875 for a 10-year bond ($1 comma 000 par value) that pays 9 percent annual interest, but makes interest payments on a semiannual basis (4.5 percent semiannually).What is the bond's yield to maturity?

2- (Floating-rate loans) The Bensington Glass Company entered into a loan agreement with the firm's bank to finance the firm's working capital.The loan called for a floating rate that was 29 basis points (0.29 percent) over an index based on LIBOR.In addition, the loan adjusted weekly based on the closing value of the index for the previous week and had a maximum annual rate of 2.16 percent and a minimum of 1.72 percent.Calculate the rate of interest for weeks 2 through 10.

Date LIBOR Week 1 1.98% Week 2 1.63% Week 3 1.49% Week 4 1.31% Week 5 1.63% Week 6 1.66% Week 7 1.66% Week 8 1.88% Week 9 1.86%