number 2&3

Question 2 4 pts Aln) 24 year 8% annual coupon bond has a yield to maturity of 8.9% with a par value of $1,000. What is the price of this bond? (Round to two decimal places) Question 3 4 pts 5-year corporate bonds yield 76% and 5-year T-bonds yield 4.45. The liquidity premium for the corporate bonds is LP = 0,199 versus zero for T-bonds, and the maturity risk premium for all bonds is the same. What is the defaultnisk premium (DRP) on 5-year corporate bonds? (Express your answer as a percent and round your answer to two decimal places)