Question #1 A bond with 7yrs. to maturity and a coupon rate of 13% has a par

Question #1
A bond with 7yrs. to maturity and a coupon rate of 13% has a par or face value of $21000. Interest is paid annually. If you require a
return of 16% on this bond what is the value of this bond to you? (round answer to the nearest cent) *Answer is dollar amount Question #2 Yield to Maturity/The Salem Co. bond currently sells for $1378.83 has a coupon interest rate of 15% and a $1000 par value pays interest
annually and has 10yrs. to maturity. Calculate the yield to maturity (YTM) on this bond. (Round to three decimal places) * Answer is a Percentage