Three years ago, Leopoldo Corp. issued 6.5% coupon bonds with an original maturity of 20 years. These bonds pay semiannual coupons, and are currently trading at 110% of face value. Calculate the yield to maturity on these bonds today. You may assume a face value of $1000 per bond.

What would be the price of each of these bonds today if the yield on these bonds decreased by 50 basis points (0.5%) today? Assume a face value of $1000 per bond