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a. Find the duration of a 10% coupon bond making annual coupon payments if it has three years until maturity and has a yield to

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a. Find the duration of a 10% coupon bond making annual coupon payments if it has three years until maturity and has a yield to maturity of 10%. Note: The face value of the bond is $1,000. (Do not round intermediate calculations. Round your answer to 3 decimal places.) b. What is the duration if the yield to maturity is 13% ? Note: The face value of the bond is $1,000. (Do not round intermediate calculations. Round your answer to 3 decimal places.)

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