1. A 6.40 percent coupon bond with ten years left to maturity is priced to offer a 7.8 percent yield to maturity. You believe that in one year, the yield to maturity will be 7.0 percent. What is the change in price the bond will experience in dollars? (Do not round intermediate calculations. Round your final answer to 2 decimal places.)
2. A 5.90 percent coupon bond with 18 years left to maturity can be called in four years. The call premium is one year of coupon payments. It is offered for sale at $1,105.50. What is the yield to call of the bond? (Assume interest payments are semiannual.) (Round your answer to 2 decimal places.)