A bond has a

$1,000

face value and a coupon interest rate of

7.55%

. It has 5 years to maturity and pays interest annually. If investors' current required yield to maturity is

7.55%

for this bond, what is the Duration for this instrument today? Calculate to 4 decimal places.\

4.1454%

\ 3.3392 vears

A bond has a $1,000 face value and a coupon interest rate of 7.55%. It has 5 years to maturity and pays interest annually. If investors' current required yield to maturity is 7.55% for this bond, what is the Duration for this instrument today? Calculate to 4 decimal places. 4.1454 \% 3.3392 vears