Please answer BOTH questions.

Question 1 - Five years ago, Jays Karate issued a 25-year callable bond with a $1,000 maturity value and a 6.5 percent coupon rate of interest. Interest is paid semiannually. The bond is currently selling for $1,120. a) What is the bonds yield to maturity? b) If the bond can be called in three years for a redemption price of $1,050, what is the bonds yield to call?

Question 2 Jays Grappling Gym has an outstanding bond that has a $1,000 par value and a 6.5% coupon rate. Interest is paid semi-annually. The bond has 13 years remaining until it matures. Today the going interest rate is 10.5 percent, and it is expected to remain at this level for many years in the future. Compute the a) bonds current yield, b) current gains yield that the bond will generate this year, and c) total return generated in Year 3.