Question 1 (1 point) A bond with a face value of $5,000 pays interest of 8% per year. This bond will be redeemed at par value at the end of its 20-year life, and the first interest payment is due one year from now. You purchased the bond for $3,800. But 10-years later (after receiving year 10's interest), you need some cash and would like to sell this bond to a friend. Eventually, you and your friend agreed on the price $3,600. If your friend has an expected yield rate of 12%, is this a good deal for him? Why? (Please submit the net present worth) Your Answer: Answer units Question 2 (1 point) A bond with a face value of $5,000 pays interest of 8% per year. This bond will be redeemed at par value at the end of its 20-year life, and the first interest payment is due one year from now. You purchased the bond for $3,800. But 10-years later (after receiving year 10's interest), you need some cash and would like to sell this bond to a friend. Eventually, you and your friend agreed on the price $3,600. If this is a fair deal, what should be your friend's expected yield rate? (Please submit your answer using the format as 1.51%, the percentage sign shall be placed in the unit box)