Question: a 2-year bond with $100 face value pays a $6 coupon each quarter and has 11% yield. compute the duration. The answer is D~= 1.6846

a 2-year bond with $100 face value pays a $6 coupon each quarter and has 11% yield. compute the duration.

The answer is D~= 1.6846

I want to know how do you get to the final answer?

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