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pls answer correct with step !! i will rate u up I have a bond that pays a coupon payment of $60 per year. The

image text in transcribedpls answer correct with step !! i will rate u up

I have a bond that pays a coupon payment of $60 per year. The bond matures in 3 years and has three annual coupon payments and $1000 the face value to be returned to me at maturity left as cash inflows. What will be the duration of the bond if my required rate of return is 8%. 2.83 2.32 1.27 2.99

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