What is the price today $($in dollars and cents$)$ of a $3-$year $4\mathrm{.}55\%$ coupon rate bond that returns the par value of $$1000$ at maturity if the yield to maturity is $10\mathrm{.}50\%?$

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You should set your calculator for at least four decimal places of accuracy. I'll remind you of this from time to time but this is a working rule throughout the semester.

Place your answer in dollars and cents.

Do not include a dollar sign or comma in your answer. This is another rule that I'll remind you of but should be a working rule throughout the semester.

Qiang places the amount of $$34$ in a special bank account that guarantees to provide $$154$ in $9$ years. What rate of return would Qiang earn on this opportunity?

$r=$

$\%$

Your answer should be in PERCENTAGE form with at least $2$ decimal places. That is$,$ enter your response as say $3\mathrm{.}75$ and NOT as $\mathrm{.}0375.$ Also, do not use a percent sign in your answer.