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What is the duration of a bond with time to maturity of 1 year, annual coupon of 16% paid semiannually, and face value of 1000

What is the duration of a bond with time to maturity of 1 year, annual coupon of 16% paid semiannually, and face value of 1000 when semi-annual yield to maturity is 10% (i.e. annual YTM=20%)?

  1. 1.92 years
  2. 1.35 years
  3. 1 year
  4. 0.96 year

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