1. A bond with a par value of $100 is currently trading at a price of $104. The bond has a coupon rate of 4.16%, and it has exactly 10 years remaining until maturity. What is the bonds current yield?

2. An investor buys a bond with a $100 par value and a 5% coupon rate for $97. The bond pays interest semiannually. Exactly one year later, just after receiving the second coupon payment, the investor sells the bond for $96. What was the investors rate of return over the year from owning the bond?