1. You purchase a corporate bond with a settlement date on September 15 with a face value of $1,000 and a nominal yield of 8%, that has a listed price of 100-08, and that pays interest semi-annually on February 15 and August 15. Accrued interest is determined using the actual/actual convention. How much must you pay?

2. Let's assume that an 8%, semiannual payment high-yield corporate bond was being priced to yield 8.00% (s.a.) for settlement on Valentine's Day, February 14, 2011. The bond was issued at par value on November 15, 2010, and matures on November 15, 2020, a Sunday, which we'll ignore because the yield is stated in street convention. The next coupon was due on May 15, 2011, also a Sunday, which also is ignored. (the corporate bond uses a 30/360 day-count for accrued interest)