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What is the duration of a two-year maturity, $1,000 Treasury bond with a 3 percent annual coupon (interest) rate, paid annually with a YTM of

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What is the duration of a two-year maturity, $1,000 Treasury bond with a 3 percent annual coupon (interest) rate, paid annually with a YTM of 2.30 percent? Assume that interest is paid annually. US Treasury rates may be found at Two-year Treasury Bond Par value $1,000 Coupon 0.0300 annual payments Maturity 2 YTM 0.0230 Time Cash Flow PVIE PV of CF PV CET 0.9555S Price S DurationPrice

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