1. Consider a 22-year bond with 8 percent annual coupon payments. The market rate (YTM) is 5.4 percent for this bond. The current yield of the bond is _______ percent. Answer it in percentage without the % sign, and round it to two decimal places.

2. Suppose you have just bought a 16-year, 8% semiannual coupon bond. Your purchasing price of the bond implies that the current YTM is 7%. Assuming you keep this bond till its maturity, the number of coupon payments during the 16 year period is ________ ; the dollar amount of each coupon payment is $ _______ (no decimal places without the $ sign); the dollar amount that you will receive at maturity is $ ________ (no decimal places, without the $ sign).