1. As with most bonds, consider a bond with a face value of $1,000. The bond's maturity is 25 years, the coupon rate is 5% paid annually, and the market yield (discount rate) is 13%.

What should be the estimated value of this bond in one year? Assume the market yield remains unchanged.

Enter your answer in terms of dollars and cents, rounded to 2 decimals, and without the dollar sign. That means, for example, that if your answer is $127.5678, you must enter 127.57

2. As with most bonds, consider a bond with a face value of $1,000. The bond's maturity is 21 years, the coupon rate is 12% paid annually, and the market yield (discount rate) is 3%.

What is the bond's Current Yield?

Enter your answer as a percentage, without the '%' sign, and rounded to one decimal. For example, if your answer is 0.031416, which is equivalent to 3.1416%, just enter 3.1

*Questions that need to be answered are bolded