1. John is interested in a 10 year bond issued by RCC. That pays a coupon of 10% annually. The current price of this bond is $1,174. What is the yield that john would earn by buying it at this price and holding it to maturity
2. Bob purchased a piece of real estate last year for $85,000. The real estate is now worth $102,000. If Bob needs to have a total return of 25% during the year, then what is the dollar amount of income that he needed to have to his objective?