For bonds, assume coupons paid semi-annually, coupon rates and yields quoted with semi-annual compounding, and redeemable at par unless otherwise noted

1) What is premium or discount of a $100 par, 8 year bond paying a 7% coupon if bought at a 5% yield?

2) What is the overall yield to a lender who loans $9000 for 8 years at 3% and reinvests the annual amortizing payments at 5%?