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An annual payment bond with a $1,000 par has a 8% quoted coupon rate, a 12% promised yield to maturity, and 3 years to maturity.

An annual payment bond with a $1,000 par has a 8% quoted coupon rate, a 12% promised yield to maturity, and 3 years to maturity. The bond's duration is years (round to 2 decimals).
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An annual payment bond with a $1.000 par has a 8% quoted coupon rate, a 12% promised yield to maturity, and 3 years to maturity. The bond's duration is years (round to 2 decimals)

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