1)Newco plans a $110 million initial public offering (IPO) with an offer price of $5.00 per share, underwritten at $4.85. The company's legal fees, ASIC registration fees, and other administrative costs total $380,000. The company's share price increases to $5.30 on the first day it trades on the stock exchange. Calculate the company's total cost of issuing the securities.

2)) A 10-year bond with a face value of $1,000 and annual coupon payments at a coupon rate of 10% p.a. is priced at a yield to maturity of 8% p.a. Calculate the price of the bond.