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a. Find the duration of a 5.8% 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 5.8% coupon bond making annual coupon payments if it has three years until maturity and has a yield to maturity of 5.8%. Note: The face value of the bond is $1,000. (Do not round intermediate calculations. Round your answers to 3 decimal places.) 5.8% YTM years b. What is the duration of the yield to maturity is 8%? Note: The face value of the bond is $1,000. (Do not round intermediate calculations. Round your answers to 3 decimal places.) 8% YTM years

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