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o. Find the duration of a 5% coupon bond making annual coupon payments if it has three years until maturity and has a yield to
o. Find the duration of a 5% coupon bond making annual coupon payments if it has three years until maturity and has a yield to maturity of 5%. Note: The face value of the bond is $1000. (Do not round Intermediate calculations. Round your answer to 3 decimal places.) 5 YTM years b. What is the duration if the yield to maturity is 8%? Note: The face value of the bond is $1.000 (Do not round Intermediate calculations. Round your answer to 3 decimal places.) years
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