1. Endicott Enterprises Inc. has issued 30-year annual coupon bonds with a face value of $1,000. If the annual coupon rate is 7% and the current yield to maturity is 8%, what is the firm's current price per bond?
$578.82
$1,124.09
$887.42
$1,774.84
2. KRAY Inc. has issued 20-year $1,000 face value, 8% annual coupon bonds, with a yield to maturity of 11%. The annual interest payment for the bond is ________.
$80
$110
$190
$55