QUESTION 13 A Tesla bond with 6 years to maturity has a price of $748.76 and a coupon rate of 10%. It makes annual coupon payments. What is the bond's duration? Note: Report up to two decimal places. QUESTION 14 A pension fund anticipates needing to pay out $2.5 million dollars in benefits in 2028 (eight years from today). Assume the yield curve is a flat 5%. It has two options for bonds in which to invest: a zero coupon Treasury bond with a time to maturity of 11 years and YTM of 3%, and a zero coupon Johnson & Johnson bond with 6 years to maturity and a 6% YTM. They want zero interest rate risk. How much money should they invest in the Treasury? Note: Answer in dollars, rounding to the nearest cent