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Required: a. Find the duration of a 3% coupon bond making annual coupon payments if it has three years until maturity and a yield to

Required: a. Find the duration of a 3% coupon bond making annual coupon payments if it has three years until maturity and a yield to maturity of 6.8%. (Do not round intermediate calculations. Round your answers to 4 decimal places.) b. What is the duration if the yield to maturity is 10.8% ? (Do not round intermediate calculations. Round your answers to 4 decimal places.) YTM a. 6.8% YTM b. 10.8% YTM Duration Years Years
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Required: a. Find the duration of a 3% coupon bond making annual coupon payments if it has three years until maturity and a yield to maturity of 6.8%. (Do not round intermediate calculations. Round your answers to 4 decimal places.) b. What is the duration if the yield to maturity is 10.8% ? (Do not round intermediate calculations. Round your answers to 4 decimal places.)

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