4. The demand curve and supply curve for one-year discount bonds with a face value of $1,000 are represented by the following equations:

a. Bd : Price = 0.8 * Quantity + 1100

b. Bs : Price = Quantity + 680

a) What is the expected equilibrium price and quantity of bonds in this market? The expected equilibrium quantity of bonds is 233 (round your response to the nearest whole number.) The expected equilibrium price of bonds is $ 913 (round your response to the nearest whole number).

b) Given your answer to part (a), what is the expected interest rate in this market? The expected interest rate in this market is 9.53 % (round your response to two decimal places.)