1.MegaCorp just issued a five-year, $20,000 bond with a coupon rate of j₂=4.02%. What price would an investor be willing to pay for the bond if they wanted a return on their investment of j₂=8%?

2.A 10 year, $5,000 bond with a coupon rate of j₂=5% is priced at $5,215. What yield to maturity (j₂) will an investor realize if they purchase the bond? Round your answer to 2 decimal places and express as a percentage. Use either trial and error or interpolation.