The yield curve reveals that the 1 -year spot rate is 4.3%, the 2 -year spot rate is 7.4%, and the 3 -year spot rate is 9.2%. What is the duration of a 3-year bond with a face value of $1,000.00 making annual coupon payments of 6.5% ? Do not report the Macaulay duration. a. 3.02 b. 2.04 c. 2.44 d. 2.31 e. 2.17 f. 2.63 g. 2.81 h. 2.91