Please answer them all the way so I know how to do future problems! Thanks!

1. What is the price of a bond with the following features? 7 years to maturity, face value of $1000, coupon rate of 4% (annual coupons) and yield to maturity (discount rate) of 1.5%.

2. You buy a bond with the following features: 8 years to maturity, face value of $1000, coupon rate of 4% (annual coupons) and yield to maturity of 2.5%. Just after you purchase the bond, the yield to maturity rises to 5.6%. What is the capital gain or loss on your bond?