What is the duration of the bond described below: A Face Value: $1,000.00 Years-to-maturity: 3 Coupon Rate: 4% Coupon payments are made annually Current Market Price: $865 Yield-to-maturity: 16% Round your answer to the nearest two decimals if needed. Only in this question, use four decimals in all your calculations.

What is the duration of the bond described below: - Face Value: $1,000.00 - Years-to-maturity: 3 - Coupon Rate: 4% - Coupon payments are made annually - Current Market Price: $865 - Yield-to-maturity: 16% Round your answer to the nearest two decimals if needed. Only in this question, use four decimals in all your calculations