1. "You invest $115 immediately for 4 years. The inflation rate is 3.4%. At the end of 4 years, you receive $210.91 in actual (year-4) dollars. What is the interest-free internal rate of return? Enter your answer as a percentage rounded to the nearest tenth of a percent."
2. The Shield Corporation has BB-rated bonds with a yield to maturity of 6.54% APR. A U.S Treasury, with the same maturity, currently has a yield to maturity of 4.32% APR. Both bonds pay semi-annual coupons at a 6.88% APR and have 5.00 years until maturity. (assume $1,000 face value) What is the current price of the Shield Corporation bond?