1) James bank has an average asset duration of 4.3 years and an average liability duration of 2.8 years. This bank has total assets of $545 million and total liabilities of $400 million. What is the bank's leverage-adjusted duration gap?

Answer: __________ years (two decimal points)

2) A bond has a face value of $1000 and coupon payments of $90 annually. This bond matures in three years and is selling in the market for $1,154.09. The Market interest rates are 3.5%. What is this bond's duration?

Answer: __________ years (two decimal points)