I just need the 2nd question answered, but it's based off the previous question so I included it in the picture. the answer to the first question is 7.10%.

A 10 -year, 8% coupon bond with semi-annual coupons is trading at a price equal to $1,064 per $1,000 par value. Compute the quoted yield-to-maturity. 3.24%3.55%7.10%7.22%7.37% If a similar risk and maturity annual payment bond with a 6% coupon is available as an alternative to the bond in the previous question, what price should you be willing to pay if you base the decision upon effective annual yield? $905$915$923$987$1,000