a. Find the duration of a 8.4% coupon bond making annual coupon payments if it has three years until maturity and has a yield to maturity of 8.4%. 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 11% ? Note: The face value of the bond is $1,000. (Do not round intermediate calculations. Round your answer to 3 decimal places.)