1. A Treasury STRIPS is quoted at 54.789 and has 8 years until maturity. What is the yield to maturity? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.)
2. A U.S. Treasury bill with 75 days to maturity is quoted at a discount yield of 1.25 percent. Assume a $1 million face value. What is the bond equivalent yield? (Do not round intermediate calculations. Enter your answer as a percent rounded to 3 decimal places.)