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pls show step by step and answer both questions will give thumbs up Assume a par value of $1,000. Caspian Sea plans to issue a

pls show step by step and answer both questions will give thumbs up
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Assume a par value of \$1,000. Caspian Sea plans to issue a 3.00 year, semi-annual pay bond that has a coupon rate of 18.00%, If the yield to maturity for the bond is 18.0%, what will the price of the bond be? Answer format: Currency: Round to: 2 decimal places. A bank otters 6.00% on savings accounts. What is the effective annual rate if interest is compounded monthly? Answer format: Percentage Round to: 4 decimal pleces (Example: 9.2434\%, \$5 sign wequired. Wiil accept decimal format rounded to 6 decimal places (ex: 0.092434))

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