1. G Corporation has a bond outstanding.It has a coupon rate of 9.0 percent and a $1000 par value.The bond has 10 years left to maturity.The bond is selling for $882.The current yield (not yield to maturity) on this bond is?
2. B Corporation has $1000 par value bonds with 14 years left to maturity, a stated annual coupon rate of 6.8 percent (with annual interest payments).What are these bonds worth today if the required market rate of return is 4.5 percent?