With TI-84 Plus CE

10. A corporate bond has a coupon rate of 7% and pays coupons semiannually, with the next coupon to be paid in six months. The bond's face value is $1,000; its stated annual yield to maturity (BEY) is 6\%; and it matures in 2 years. Calculate the bond's duration (in years). a. 1.75 years b. 1.80 years c. 1.85 years d. 1.90 years e. 1.95 years