1. Winston Enterprises has a 15-year bond issue outstanding that pays a 8% coupon. The bond is currently priced at $890.00 and has a par value of $1,000. Interest is paid semiannually. What is the yield to maturity?

2. Tejada Enterprises reported EBITDA of $7,300,125 and net income of $3,328,950 for the fiscal year ended December 31, 2013. During the same period, the company had $1,155,378 in interest expense, $1,023,285 in depreciation and amortization expense, and an average corporate tax rate of 35 percent. What was the cash flow to investors from operating activity during 2013?