Consider a corporate bond with a 7.4% coupon rate, paid semi-annually, $1000 par value and a current yield to maturity (YTM) of 5.3%. It matures in exactly 5 years.

1) What is the amount of each coupon payment?[Youranswer should be ROUNDED TO THE NEAREST DOLLAR, expressed in dollars only (eg 234) with no cents, and no commas!]

Coupon Payment = _______

2) What is the current market price of this bond?[Your final answer should be ROUNDED TO THE NEAREST DOLLAR, expressed in dollars only (eg 234) with no cents, and no commas!]

Market Price =______

[IMPORTANT: keep as many decimals as possible for ALL intermediate steps to ensure that your final answer is correct]