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1) McConnell Corporation has bonds on the market with 10

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1)

McConnell Corporation has bonds on the market with 10.5 years to maturity, a YTM of 7.1 percent, a par value of $1,000, and a current price of $1,051. The bonds make semiannual payments.

 What must the coupon rate be on these bonds? 

2)

Gerry also wants to invest some money this year such that his investment returns $15,000 270 days from now. What amount of money should Gerry invest today at 4.1% interest p.a. to ensure he has $15,000 270 days from now?