Question

1. Jill has a bond with a face value of $1,000. The bond has a coupon rate of 6%. Find her current yield if the market price of the bond is $1,027.


2. Calculate the annual interest you receive on a $1000 Treasury bond with a current yield of 1.5% that is quoted at 98 points.

I just need some one to help me with the formula and setting these up im not sure how to do that.

Thanks!