1. Consider a zero-coupon bond with $100 face value and 15 years to maturity. If the YTM is 7%, this bond will trade at a price of ________.
2. A Company has a bond outstanding with a face value of $10000 that reaches maturity in 10 years. The bond certificate indicates that the stated coupon rate for this bond is 0.08% and that the coupon payments are to be made semi-annually.
Assuming the appropriate YTM on the bond is 11.1%, then the price that this bond trades for will be closest to ________.