1.Roy Orbison wants to invest in a 3-year Treasury bond with a 1.90% coupon interest rate. He'd like to earn a yield to maturity of 1.80%. The most he should pay per $100 in face value to earn this yield is:

2.

Pinnacle Consulting is planning to issue a zero-coupon bond with a 5-year maturity at a yield to maturity of 1.95%. Pinnacle needs to raise $5,000,000. To the nearest thousand, how many bonds do they need to issue?

*a zero-coupon bond pays no coupon interest payments, but is still calculated as if they pay semi-annually* State your answer in dollars, e.g., 12,849,000 not 12,849