Consider an annual coupon bond with a face value of $100, 10 years to maturity, and a price of $75. The coupon rate on the bond is 9%. If you can reinvest coupons at a rate of 2% per annum, then how much money do you have if you hold the bond to maturity?

The total proceeds from holding the bond to maturity are $_____

(Round to the nearest cent.)

Springfield Nuclear Energy Inc. bonds are currently trading at $1,214.95. The bonds have a face value of $1,000, a coupon rate of 7.5% with coupons paid annually, and they mature in 10 years. What is the yield to maturity of the bonds?

The yield to maturity of the bonds is ____% (Round to two decimal places.)