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Required: a. Find the duration of a 6% coupon bond making annual coupon payments if it has three years until maturity and a yield

Required: a. Find the duration of a 6% coupon bond making annual coupon payments if it has three years until maturity and a yield to maturity of 7.9%. (Do not round intermediate calculations. Round your answers to 4 decimal places.) b. What is the duration if the yield to maturity is 11.9% ? (Do not round intermediate calculations. Round your answers to 4 decimal places.) YTM Duration a. 7.9% YTM Years b. 11.9% YTM Years

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