1. Sinbad Furniture has 7.2 percent coupon bonds outstanding with a current market price of $642. The yield to maturity is 12.2 percent and the face value is $1,000. Interest is paid annually. How many years is it until these bonds mature?

2. Suppose today a 10% coupon bond sells at par. Two years from now the required return on the same bond is 9%. What is the annual coupon rate on the bond then?