A company recently paid a $$0\mathrm{.}35$ dividend. The dividend is expected to grow at a $10\mathrm{.}5$ percent rate. At a current stock price of $$24\mathrm{.}25,$ what return are shareholders expecting? $($LG $3-3)$

What is the duration of a two$-$year bond that pays an annual coupon of $10$ percent and has a current yield to maturity of $12$ percent? Use $$1,000$ as the face value. $($LG $3-6)$

What is the duration of a two$-$year zero$-$coupon bond that is yielding $11\mathrm{.}5$ percent? Use $$1,000$ as the face value.

Given these answers, how does duration differ from maturity?