1. The DDT bond has a current price of $900, a maturity value of $1,000, and matures in 5 years. If interest is paid semi-annually and the bond is priced to yield 6.00%, what is the bond's annual coupon rate? Please show your work.
2. The WEB bond has a 3.00% coupon rate, with interest paid semi-annually, a maturity value of $1,000, and matures in 7 years. If the bond is priced to yield 5.00%, what is the bond's current price?