HMK Enterprise would like to raise $10.0 million to invest in capital expenditures. The company plans to issue five-year bonds with a face value of $1,000 and a coupon rate of 6.55% (annual payments). The following table summarize the yield to maturity for five-year (annual payment) coupon corporate bonds of various ratings: Rating BBB BB- YTM 6.17% 6.32% 6.55% 6.95% 7.57% 1) Assuming the bonds will be rated AA, what will be the price of the bonds? 2) How much of the total principal amount of these bonds must HMK issue to raise $10.0 million today, assuming the bonds are AA rated? (Because HMK cannot issue a fraction of a bond, assume that all fractions are rounded to the nearest whole number.)