1. Springfield Nuclear Energy Inc. bonds are currently trading at $1,027.54. The bonds have a face value of $1,000, a coupon rate of 12% with coupons paid annually, and they mature in 5 years. What is the yield to maturity of the bonds?
2. Beam Inc. bonds are trading today for a price of $647.43. The bond pays annual coupons with a coupon rate of 2.5 % and the next coupon is due in one year. The bond has a yield to maturity of 6.92%. How many years are there until the bond matures?