a. Find the duration of a 7.6% coupon bond making annual coupon payments if it has three years until maturity and has a yield to maturity of 7.6%. Note: The face value of the bond is $1,000. (Do not round intermediate calculations. Round your answer to 3 decimal places.) Answer is complete but not entirely correct. 7.6% YTM 2.596 X years b. What is the duration if the yield to maturity is 12%? Note: The face value of the bond is $1,000. (Do not round intermediate calculations. Round your answer to 3 decimal places.) Answer is complete but not entirely correct. 12% YTM 2.483 x years