Question: 1. What is the price of a $1,000 par value, semi-annual coupon bond with 7 years to maturity, a coupon rate of 04.60% and a yield-to-maturity of 09.30%?
2. What is the price of a $1,000 par value, 15 year, annual coupon bond with a 09.00% coupon rate and a yield to maturity of 04.90%?