1. What is the price today (in dollars and cents) of a 3-year 10.95% coupon rate bond that returns the par value of $1000 at maturity if the yield to maturity is 8.50%? You should set your calculator for at least four decimal places of accuracy. Place your answer in dollars and cents. Do not include a dollar sign or comma in your answer.

2. What is the yield to maturity of a 5-year, 7.5% coupon rate $1000 par value bond priced currently at $1,010? Place your answer in percentage form using two decimal places. Do not use the percent sign as part of your answer. For example, if your answer is five point nine nine percent, then submit your answer as 5.99