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please show all work! 8. If you hold a 20 year Treasury with a coupon rate of 3% and a YTM of 2.8%, what is

please show all work!

8. If you hold a 20 year Treasury with a coupon rate of 3% and a YTM of 2.8%, what is the duration of that bond? Duration is % value change for 1% change in YTM 8. If you hold a 20 year Treasury with a coupon rate of 3% and a YTM of 2.8%, what is the duration of that bond? Duration is % value change for 1% change in YTM

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