bond pays annual interest its coupon rate is $9\%.$ It value at maturity is $$1,000.$ It matures in $4$ years. Its yield to maturity is currently $6\%.$

e duration of this bond is $$ years.

Multiple Choice

$3\mathrm{.}23$

$244$

$3\mathrm{.}56$

$4\mathrm{.}10$

Rank the interest sensitivity of the following from the most sensitive to an interest rate change to the least sens

$8\%$ coupon, noncallable $20-$year maturity par bond

$29\%$ coupon, currently callable $20-$year maturity premium bond

Zero$-$coupon $30-$year maturity bond

Multiple Choice

$3,2,1$

$2,3,1$

$3,1,2$

$1,2,3$