1.10 years ago, ABC plc issue 2.5 million dollars 6% redeemable debentures at a price of $98 per cent.The debentures are redeemable six years from now at a price of 102 dollars percent. They are currently quoted at 59 dollars percent, ex interest.Estimate the cost of capital for ABC plc's redeemable debentures.

2.For a bond, face value of 1000 dollars, four years life, coupon at 8%, YTM off 10%.Estimate both the price and duration