You work for Earth Reinsurance and you have to pay claims to your policyholders. You believe the following bond has the right duration to achieve complete immunization: A 5% coupon bond making annual coupon payments with three years to maturity and yield to maturity of 5%. What is the duration? (Note: face value is 1,000)

Group of answer choices

2.758

2.859

2.833

2.824