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Page Enterprises has bonds on the market making annual payments, with nine years to maturity, and selling for $966. At this price, the bonds yield

Page Enterprises has bonds on the market making annual payments, with nine years to maturity, and selling for $966. At this price, the bonds yield 6.80 percent. What must the coupon rate be on the bonds? (Round your answer to 2 decimal places. (e.g., 32.16))

Ninja Co. issued 10-year bonds a year ago at a coupon rate of 7.0 percent. The bonds make semiannual payments. If the YTM on these bonds is 5.3 percent, what is the current bond price?(Round your answer to 2 decimal places. (e.g., 32.16))

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