1. Bond Valuation. Emma is considering purchasing bonds with a par value of $10,000. The bonds have an annual coupon rate of 8% and six years to maturity. The bonds are priced at $9,550. If Emma requires a 10% return, should she buy these bonds?
2. Bond Valuation. Mark has a Treasury bond with a par value of $30,000 and a coupon rate of 6%. The bond has 15 years to maturity. Mark needs to sell the bond and new bonds are currently carrying coupon rates of 8%. At what price should Mark sell the bond?