1. A corporate bon is likely to have (the same/lower/higher) yield to community compared to a treasury with the same maturity face value and coupon rate.
2. Given an interest rate of 6.55 percent per year, what is the value at Year 11 of a perpetual stream of $3,300 payments that begin at Year 20? (Enter rounded answer as directed, but do not use rounded numbers in intermediate calculations. Round your answer to 2 decimal places (e.g., 32.16).)
Present value $