Consider a three-year bond with cash flows as follows. Note that cash flows of the bond are very irregular. The yield to maturity of the bond is 4%, and its current value is $1,657.52 Calculate the duration of this bond. Year 1 Cash Flow: $300 Year 2 Cash Flow: $1000 Year 3 Cash Flow: $500 A. 2.3133 B. 1.9379 OC. 2.2228 D. 2.0941 E. 2.4375 QUESTION 14 Based on the following zero coupon yield curve, calculate the market value of a 3-year bond with a 0.5% coupon rate and a $1,000 par value. 1 Year Zero Coupon Rate: 0.75% 2 Year Zero Coupon Rate: 1.25% 3 Year Zero Coupon Rate: 1.35% O A. $1,019 B. $1,004 OC. $1,034 OD. $990