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EOM L11 What is the duration for the following bond with annual payments? 3.2059 2.8532 2.9650 3.2732 3.0746 You are a pension fund manager who

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What is the duration for the following bond with annual payments? 3.2059 2.8532 2.9650 3.2732 3.0746 You are a pension fund manager who has obligations over the years to come of: The applicable rate is: 0.04 What is the modified duration of this pension obligation? 1.3585 1.4766 1.2959 1.4205 1.2214

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