1. MegaCorp just issued a five-year, $20,000 bond with a coupon rate of j2=4.02%. What price would an investor be willing to pay for the bond if they wanted a return on their investment of j2=8%?
2. A 10 year, $5,000 bond with a coupon rate of j2=5% is priced at $5,215. What yield to maturity (j2) will an investor realize if they purchase the bond? Round your answer to 2 decimal places and express as a percentage. Use either trial and error or interpolation.
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