1. Staind, Inc., has 8 percent coupon bonds on the market that have 8 years left to maturity. The bonds make annual payments. If the YTM on these bonds is 11 percent, what is the current bond price?
$1,176.40
$1,030.00
$845.62
$803.34
$887.90
2. Kiss the Sky Enterprises has bonds on the market making annual payments, with 9 years to maturity, and selling for $830. At this price, the bonds yield 10.0 percent. What must the coupon rate be on the bonds?
8.49%
7.15%
14.10%
10.00%
7.05%