1. LKD Co. has 12 percent coupon bonds with a YTM of 8.5 percent. The current yield on these bonds is 9.9 percent. How many years do these bonds have left until they mature? (Do not round intermediate calculations. Round your answer to 2 decimal places.)
2. There is a bond with a coupon of 4.6 percent, five years to maturity, and a current price of $1,046.00. What is the dollar value of an 01 for the bond? (Do not round intermediate calculations. Round your answer to 4 decimal places.)