The duration of a coupon bond is: Multiple Choice equal to its number of payments. less than that of a zero coupon bond of equal maturity. less than that of a equal to the zero coupon bond of the same maturity. equal to its maturity. increases as the time to maturity decreases. Assume a bond matures in 2 years, has a coupon rate of 6 percent, pays interest annually, and has a face value of $1,000. What is the duration of this bond if it is priced at par? Multiple Choice o 1.00 year o 1.94 years o 1.97 years o 191 years 1.91 years C 2.03 years