Use the following corporate bond quote from the WSJ on June 1,2020 to answer questions 10-11.This bond pays interest monthly and quotes are in percent of par value.

Coupon RateMaturityAsk

6.4500%December 31, 2020102.75

What is the duration of the above Treasury note? Use the asked price to calculate the duration.

Question 9 options:

0.576793 years

0.574213 years

0.580021 years

0.500000 years

0.583333 years