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Today is 1 5 May 2 0 2 2 . Emma has just purchased a Treasury bond with a face value of $ 1 0
Today is May Emma has just purchased a Treasury bond with a face value of $ maturing at par and paying coupon at j pa The purchase price was $ The maturity date of this bond is May
For the purposes of this question only, assume that Emmas purchase price was not $ and that we dont know her purchase price. Calculate the duration of this Treasury bond. Assume that Emma's purchase yield rate was j pa Give your answer in terms of years, rounded to three decimal places. a years b years c years d years
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