1. ind the duration of a 6% coupon bond making annual coupon payments if it has three years until maturity and a yield to maturity of 10%. (Round your answer to three decimal places)
2. Today you invested $12,200 in an investment that pays 9?% and will mature in 9 years. Once the investment? matures, you will reinvest your funds for another 9 years in another investment that pays 6?%. What will be the value of your investment after 18 ?years?