1.Suppose that General Motors Acceptance Corporation issued a bond with 10 years until maturity, a face value of $1000, and a coupon rate of 7.3% (annual payments). The yield to maturity on this bond when it was issued was 6.1%. What was the price of this bond when it was issued?

2. Suppose a 5 year, $1000 bond with annual coupons has a price of $898.83 and a yield to maturity of 6.3%. What is the bond's coupon rate?