1.Suppose the nominal rate is 15.62% and the inflation rate is 2.37%. What is the real rate? Use the Fisher Equation to get the answer.Note: Convert your answer to percentage and round off to two decimal points. Do not enter % in the answer box.

2.ABC Inc. recently issued $1,000 par bonds at a 2.1% coupon rate. If the bonds have 20 years to maturity and a YTM of 16.94%, what is the current price of the bond? Assume semi-annual compounding.Note: Enter your answer rounded off to two decimal points. Do not enter $ or comma in the answer box.