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a . Find the duration of a 6 . 6 % coupon bond making annual coupon payments if it has three years until maturity and

a. Find the duration of a 6.6% coupon bond making annual coupon payments if it has three years until maturity and has a yield to maturity of 6.6%. Note: The face value of the bond is $1,000.(Do not round intermediate calculations. Round your answer to 3 decimal places.)
6.6%YTM
years
b. What is the duration if the yield to maturity is 9%? Note: The face value of the bond is $1,000.(Do not round intermediate calculations. Round your answer to 3 decimal places.)
9% YTM years
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