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1_ convertible note with the following terms: Issue date: April 19, 2018; maturity date: May 1, 2025; coupon rate: 1.25%; conversion price: $76.17 per share.

1_ convertible note with the following terms: Issue date: April 19, 2018; maturity date: May 1, 2025; coupon rate: 1.25%; conversion price: $76.17 per share.

What is the note's conversion ratio?

2_ Daniel bought a thirty-year bond on 5/8/2018. It was issued on 12/1/2015 and will mature on 12/1/2045. It has a coupon rate of 3.65%, with interest payments paid semi-annually, and it's current yield to maturity is 2.56%. What is the bond's duration?

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