2. The current yield on the following bonds is 9.2% per annum Term to Coupon rate maturity (% pa) Bond (years) 10 2.0 3.0 10 10 3.5 10 4.0 4.0 16.0 Each bond has a face value of $100.0. Assume that coupon payments are made at the end of each year Required: (a) Calculate the duration for each of these bonds. b) If the market condition is expected to be volatile and if you are a risk-averse investor, what bond should you include in your portfolio