1. An 8-year corporate bond sold to an investor at par ($1000) with a 10 percent coupon rate is called four years later at par plus one year's coupon income. What is his 4-year holding period yield?
2. Gordon Rosel went to his bank to find out how long it will take for $1,400 to amount to $1,710 at 8% simple interest. Calculate the number of years.
(Round time in years to the nearest tenth.) Number of years_______________