Hello,

Please solve these problems with details that i can learn,

1. A shipping company sold an issue of 14-year $1,000 par bonds to build new ships. The bonds pay 12% interest, compounded semiannually. Today's required rate of return is 7.50%. How much should these bonds sell for today? Round to two decimal places.

2. Atlantis Company issued bonds on January 1, 2006. The bonds had a coupon rate of 5.0%, with interest paid semiannually. The face value of the bonds is $1,000 and the bonds mature on January 1, 2028. What is the yield to maturity for these bonds on January 1, 2020 if the market price of the bond on that date is $960? Submit your answer as a percentage and round to two decimal places.

Thank you,