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Consider the following. a. What is the duration of a four-year Treasury bond with a 4 percent semiannual coupon selling at par? b. What is
Consider the following. a. What is the duration of a four-year Treasury bond with a 4 percent semiannual coupon selling at par? b. What is the duration of a three-year Treasury bond with a 4 percent semiannual coupon selling at par? c. What is the duration of a two-year Treasury bond with a 4 percent semiannual coupon selling at par? (For all requirements, do not round intermediate calculations. Round your answers to 2 decimal places. (e.g., 32.16))
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