1. Consider a coupon bond that has a par value of $1,000 and a coupon rate of 6?%. The bond is currently selling for $1,009.23 and has 2 years to maturity. What is the? bond's yield to maturity? (YTM)?
2. What is the price of a perpetuity that has a coupon of $45 per year and a yield to maturity of 1?%?