We have a bond with a coupon rate of 12 paid annually , 3 years to maturity, a par value of $1,000, and the yield to maturity of 10 Figure out the duration of the bond (30points)

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We have a bond with a coupon rate of 12% paid annually , 3 years to maturity, a par value of $1,000, and the yield

We have a bond with a coupon rate of 12% paid annually, 3 years to maturity, a par value of $1,000, and the yield to maturity of 10%. Figure out the duration of the bond. (30points)

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