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7 18 Question 16 (3 points) ABC corporation has a bond issue with 5 years to maturity, a coupon rute of 8% paid ammually and

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7 18 Question 16 (3 points) ABC corporation has a bond issue with 5 years to maturity, a coupon rute of 8% paid ammually and the yield to maturity is 10%. What is the duration of the ABC bond? (Go to 4 decimal places in computing your answer) 0 21 4.28 yrs 3 24 2.92 yrs 6 27 5.00 yrs 9 30 6.53 yrs

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