1. Global Trade, Inc. has $1,000 face value bonds outstanding with a market price of $1,013. The bonds pay interest annually, mature in 11 years, and have a yield to maturity of 5.34 percent. What is the current yield?
5.39 percent
5.43 percent
5.50 percent
5.61 percent
5.77 percent
2. Best Lodging has $1,000 face value bonds outstanding. These bonds pay interest semiannually, mature in 5 years, and have a 6 percent coupon. The current price is quoted at 101. What is the yield to maturity?
5.77 percent
5.84 percent
6.00 percent
6.13 percent
6.27 percent