1. Sure Tea Co. has issued 4.5% annual coupon bonds that are now selling at a yield to maturity of 5.50% and current yield of 5.00%. What is the remaining maturity of these bonds? (Do not round intermediate calculations. Round your answer to the nearest whole number.)
2. Maxcorp’s bonds sell for $1,141.52. The bond life is 9 years, and the yield to maturity is 7.3%. What is the coupon rate on the bonds? (Assume a face value of $1,000 and annual coupon payments.) (Do not round intermediate calculations. Enter your answer as a percent rounded to 1 decimal place.)