1.(a) Staind, Inc., has 12 percent coupon bonds on the market that have 19 years left to maturity. The bonds make semiannual payments. If the YTM on these bonds is 5 percent, what is the current bond price? Answer the question with 2 decimals (e.g. 1030.12)

1. (b) Ackerman Co. has 7 percent coupon bonds on the market with 8 years left to maturity. The bonds make annual payments. If the bond currently sells for $1063.25, what is its YTM? Answer with 4 decimals (e.g. 0.0123)