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You work as a risk manager for Fuji Mountain Bank ( FMB ) which has liabilities of a 2 - year, $ 8 million bank

You work as a risk manager for Fuji Mountain Bank (FMB) which has liabilities of a 2-year, $8 million bank note, currently selling at par, with a 6% semi-annual coupon rate. What is the duration of FMB's liabilities?
A.
3.83 years
B.
1.69 years
C.
1.91 years
D.
1.76 years

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