1. Suppose today a 1.94 percent coupon bond sells at par. Two years from now, the required return on the same bond is 1.27 percent. What is the coupon rate on the bond? (Enter your answer as a percentage, omit the "%" sign in your response, and enter your answer with two decimal places. For example, 1.214% should be entered as 1.21.)
2. You find a zero coupon bond with a par value of $10,000 and 14 years to maturity. If the yield to maturity on this bond is 6.77 percent, what is the price of the bond? Assume semiannual compounding periods.