which of the following statements regard the duration of a bond strip is true?

a. concept of duration is not applicable to a strip bond

b. bonds duration is always equal to one

c. bonds duration is equal to 10

d. bond's duration is equal to it's term to maturity

Frank has a marginal tax rate of 36%. He purchased a Canadian corporate bond with a dace value of $1000 for $972. The bond had exactly one year remaining to maturity and a coupon of 1.73%. If frank holds the bond until maturity, what after-tax rate if return will he realize from the bond?

a. 3.47%

b. 3.50%

c. 2.98%

d. 2.90%