Ruby Tuesday's just issued a bond with a $1,000 face value and a coupon rate of 7%. If the bond has a life of 20 years, pays annual coupons, and the yield to maturity is 5%, what price will the bond sell for?

Wold Corporation has wants to issue $1,000,000 of new bonds. Their bonds will have a coupon rate of 7% paid annually, will have 15 years to maturity, will have a par value of $1,000, and will be issued with a yield to maturity of 8.5%. How many bonds should Wold sell in order to raise $1,000,000