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1) What is the price of a $1,000 par value, 14 year, annual coupon bond with a 12.00% coupon rate and a yield to maturity

1) What is the price of a $1,000 par value, 14 year, annual coupon bond with a 12.00% coupon rate and a yield to maturity of 04.00%

2) You bought a 24-year, 07.10% semi-annual coupon bond today and the current market rate of return is 06.30%. The bond is callable in 6 years with a $67 premium. What price did you pay for your bond?

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