A.) As with most bonds, consider a bond with a face value of $1,000. The bond's maturity is 6 years, the coupon rate is 9% paid annually, and the market yield (discount rate) is 12%.

What is the bond's Current Yield?

Enter your answer as a percentage, without the '%' sign, and rounded to one decimal. For example, if your answer is 0.031416, which is equivalent to 3.1416%, just enter 3.1

B.) What is the price of a bond with the following features?

10 years to maturity, face value of $1000, coupon rate of 4% (annual coupons) and yield to maturity (discount rate) of 7.1%.

Enter your answer in dollars, rounded to the nearest cent (that's 2 decimals).