Question $2$

$1$ pts

Lycan, Inc. has $6\mathrm{.}4\%$ coupon bonds on the market that have $26$ years left to maturity. The bonds make annual payments. If the YTM on these bonds is $8\mathrm{.}7\%,$ what is the current bond price? $($Round your final answer to two decimal places.$)$

Question $3$

$1$ pts

Treasury bills are currently paying $8\mathrm{.}3\%$ and the inflation rate is $2\mathrm{.}8\%.$ What is the approximate real rate of interest? $($Round your final answer to two decimal places and express in percentage form; i$.$e$.,x.\%.)$