Today is January 12021 , Jackson will use a single premium to purchase an annuity today. This annuity pays 10,000 at the end of each year while Jackson is alive. The estimated probability of Jackson surviving for the next 4 years is stated in following table. The yield rate is assumed to be j1=3.25% p. Calculate value. Round your answers to three decimal places. Vose Drahshilitu of surviving from start of year to end of year a. 16100.000 b. 15102.393 c. 12556.712 d. 15257.127 Which of following state is correct? a. The duration of a coupon-paying Treasury bond would increase if its term to maturity increases. b. The duration of a coupon-paying Treasury bond would increase if its coupon rate increases. c. The duration of zero-coupon bond would increase if its yield to maturity decreases. d. None of above statement is correct