1. What price would you pay for a 3-year, BB bond with a Face Value of $1000 and semi-annual coupon rate of 8%

2. 5 years ago, you purchased a corporate bond for $942.At the time, the bond had a YTM of 9% and 9 years left to maturity. Today, the YTM on your bond is 6%. What is thecurrent market price of your bond? Assume fixed annual coupon payments and a par value of $1,000. (Round your answer to the nearest whole dollar)

\begin{tabular}{|l|l|r|l|l|l|l|l|} \hline Security & Rating & Maturity & Value & \multicolumn{2}{l|}{ Rate } & \multicolumn{2}{l|}{ Price } \\ \hline Treasury & 1 & $ & 1,001 & 0.00% & $ & 966.66 \\ \hline Treasury & 3 & $ & 1,001 & 2.00% & $ & 939.06 \\ \hline Treasury & 5 & $ & 1,001 & 4.40% & $ & 932.42 \\ \hline Treasury & 10 & $ & 1,001 & 7.20% & $1,007.12 \\ \hline Treasury & 20 & $ & 1,001 & 6.60% & $ & 908.25 \\ \hline Corp A & A & 5 & $ & 1,001 & 8.10% & $1,000.00 \\ \hline Corp B & BB & 10 & $ & 1,001 & 7.90% & $ & 859.88 \\ \hline Corp C & AA & 20 & $ & 1,001 & 8.20% & $ & 972.22 \\ \hline \end{tabular}