1)Find the YTM of a bond with a $1,000 par value, a remaining life of 12 years, and a coupon rate of 9% per year paid semi-annually. The bond is currently selling for $1,076.23.

2)The investor purchased a 5-year bond for 4,875. At the same time, its nominal value is 5,000, the coupon rate is 14% p.a., and the coupon payments are made every six months. Calculate the size and number of coupon payments. What is the yield to maturity of the bond?