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An amortized asset backed security (ABS) has 7 years to maturity, pays $350 monthly and recently sold for $25,953.90. What is the APR QUOTED RATE

An amortized asset backed security (ABS) has 7 years to maturity, pays $350 monthly and recently sold for $25,953.90. What is the APR QUOTED RATE and what is the duration (in years) of this instrument?

3.6% APR compounded monthly and the duration is ~6.07

3.6623% APR compounded monthly and the duration is ~6.07

3.622% APR compounded monthly and the duration is ~3.395

3.12% APR compounded monthly and the duration is ~3.395

3.6612% APR compounded monthly and the duration cannot be computed with the information provided

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