What is the price $($per $$1,000$ of face value$)$ of a $7$ year $8\%$ coupon$-$bond issued by the U$.$S$.$ Treasury? You may assume that the effective annual discount rate is $5\%.($ROUND TO THE NEAREST DOLLA

b$.)$ You looRk in the Wall Street Journal and find that the price of the bond described above in part $($a$)$ is actually $$1,300.$ What yield$-$to$-$maturity does this price imply