Assume that Wyatt Corp. has an outstanding bond issue with a par value of $1,000 and a current market price of $1,023.70 per bond. The bond has eight years remaining and a coupon rate of 6 percent. ( Enter your answer as a percent rounded to 2 decimal places.)

1) Find the current yield to maturity for the Kendal Corp. bond. (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.)

2) If the bond trades at a yield spread of 1.54 percent above comparable U.S. Treasury notes, what must the current yield on Treasury notes be? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.)