1. You are considering the purchase of a 7%, 15-year bond that pays interest annually. If the yield to maturity on the bond is 6%, what price will you pay? Round your answer to the nearest cent. 2. Assume that you purchased the bond at the price determined in #1. It is now two years later, and the bond is selling for $1,120. What is the bond's yield to maturity at this point in time? Round your answer to the nearest tenth of a percent. Assume the bond face value is $1,000.