You are considering the purchase of a $$1,000$ par value bond with a coupon rate of $5\mathrm{.}3\%($with interest paid semiannually$)$ that matures in $12$ years. If the bond is priced to yield $9\%,$ what is the bond's current price?

The bond's current price is $ $($Round to the nearest cent.$)$

A $$1,000$ par value bond has a current price of $$864\mathrm{.}05$ and a maturity value of $$1,000$ and matures in $7$ years. If interest is paid semiannually and the bond is priced to yield $8\%,$ what is the bond's annual coupon rate?

The bond's annual coupon rate is $\%.($Round to three decimal places.$)$