Twelve years ago, The Broadside Company issued bonds that pay annual coupons, have a face value of $$1,000\mathrm{.}00,$ have a coupon rate of $8\mathrm{.}92\%,$ and were scheduled to mature $20$ years after being issued. One year ago, you bought one of those bonds. The bond just paid a coupon and is currently priced at $$1,057\mathrm{.}31.$ If the percentage return on your bond was $5\mathrm{.}40\%$ over the past year $($from $1$ year ago to today$),$ what was the price of the bond $1$ year ago?

$$1,087\mathrm{.}77($plus or minus $$2)$

$$1,205\mathrm{.}25($plus or minus $$2)$

$$918\mathrm{.}51($plus or minus $$2)$

$$1,000\mathrm{.}00($plus or minus $$2)$

none of the answers are within $$2$ of the correct answer

QUESTION $2$

Twelve years ago, The Broadside Company issued bonds that pay annual coupons, have a face value of $$1,000\mathrm{.}00,$ have a coupon rat of $8\mathrm{.}85\%,$ and were scheduled to mature $17$ years after being issued. One year ago, you bought one of those bonds. The bond just paid a coupon and is currently priced at $$1,157\mathrm{.}14.$ If the percentage return on your bond was $5\mathrm{.}22\%$ over the past year $($from $1$ year ago to today$),$ what was the price of the bond $1$ year ago?

$$1,183\mathrm{.}84($plus or minus $$2)$

$$1,307,44($plus or minus $$2)$

$$1,015\mathrm{.}62($plus or minus $$2)$

$$1,000\mathrm{.}00($plus or minus $$2)$

none of the answers are within $$2$ of the correct answer

None is NOT one of the choices for either of them