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1. (15 points) Consider a 12%-coupon bond with a face value on of 2 years. The bond pays coupons annually, so there are bond with

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1. (15 points) Consider a 12%-coupon bond with a face value on of 2 years. The bond pays coupons annually, so there are bond with a face value of $1,000 and a remaining maturity wally, so there are two remaining payments. a. (9 points) What is the duration of the bond if the yield-to-mac if the yield-to-maturity is 10%

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