1.If duration of a bond is 3.87 years and the current yield in the market is 2.5% what is the modified duration of this bond? (use 5 decimal places)

2.Value a firms share price if the firm is expected to have earnings per share of $3.50 next year and the firm has a plowback ratio of 25%. Assume the firm has dividend growth rate of 2% and the firms required rate of return is 9%.