QUESTION
Part 1 (1 point) See Hint Suppose that Aaron, the owner of Jack Brown's Burger Bar, wants to open a new restaurant. To open the restaurant, he will need to raise $\$ 250,000$. Suppose Aaron decides to sell one-year bonds with a $\$ 10,000$ face value. If the price of the bond is $\$ 8000$, the interest rate on the bond is \%. Give your answer to two decimal places. Part 2 (1 point) See Hint Suppose that because of the popularity of Jack Brown's, Aaron decides to open a third restaurant and issues another round of $\$ 10,000$ one-year bonds. If the interest rate on the bond falls to $20 \%$, the price of these new bonds is $\$$ . Give your answer to two decimal places.