1. LKD Co. has 14 percent coupon bonds with a YTM of 9.8 percent. The current yield on these bonds is 10.3 percent. How many years do these bonds have left until they mature?
2. JPix management is considering a stock split. JPix currently sells for $135 per share, and a 3-for-1 stock split is contemplated. What will be the company's stock price following the stock split assuming that the split has no effect on the total market value of JPix's equity? Round your answer to the nearest cent.