During the Great Recession of 2007-2009, the demand for bonds issued by corporations fell as investors became concerned that the companies would not be able to pay off their bonds. At the same time, the demand for U.S. Treasury securities increased because investors viewed them as safer investments. The table below reports the prices of one-year bonds/securities with a face value of $10,000 in 2007 and 2009. Price in 2007 Price in 2009 Corporation $9,434 $8,475 bonds U.S. Treasuries $9.524 ? 1. Please calculate the interest rate on corporation bonds for both 2007 and 2009? Please show your work 2. Please calculate the interest rate on U.S. Treasuries in 2007. What was the price of the U.S. Treasury securities in 2009 if the interest rate on the U.S. securities fell by 1 percentage points between 2007 and 2009 (the two interest rates differ by 1%, e.g. fell from 7% to 6%, etc.)? Please show your work