1.) Volbeat Co. has bonds on the market with 10.5 years to maturity, a YTM of 6.2%, a par value of $1,000, and a current price of $945. The bonds make semiannual payments. What must the coupon rate be on the bonds?

2.) If Treasury bills are currently paying 4.5% and the inflation rate is 1.6%, what is the approximate real rate of interest? The exact real rate?