"What is the coupon rate of a 8-year, $1000 bond with coupons paid semiannually and a price of $700, if it has a yield to maturity of 12%? Note: Express your answers in strictly numerical terms. For example, if the answer is 5%, write enter 0.05 as an answer."

"A Company has a bond outstanding with a face value of $1000 that reaches maturity in 4 years. The bond certificate indicates that the stated coupon rate for this bond is 5% and that the coupon payments are to be made semiannually. Assuming the appropriate YTM on the bond is 3.5%, then the price that this bond trades for will be closest to ________. Note: Express your answers in strictly numerical terms. For example, if the answer is $500, write enter 500 as an answer."