1. Nesmith Corporation's outstanding bonds have a $1,000 par value, a 7% semiannual coupon, 6 years to maturity, and an 10.5% YTM. What is the bond's price? Round your answer to the nearest cent.
2. Following are three economic states, their likelihood, and the potential returns: Economic State Probability Return Fast growth 0.25 35 Slow growth 0.45 2 Recession 0.30 -18 Determine the standard deviation of the expected return. (Round your answer to 2 decimal places.) Standard deviation.