Question: Check my workCheck My Work button is now enabled Item 2 Item 2 10 points a. Find the duration of a 6.8% coupon bond making

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Item 2

Item 2 10 points

a. Find the duration of a 6.8% coupon bond making annual coupon payments if it has three years until maturity and has a yield to maturity of 6.8%. Note: The face value of the bond is $1,000. (Do not round intermediate calculations. Round your answers to 3 decimal places.)

b. What is the duration if the yield to maturity is 9.4%? Note: The face value of the bond is $1,000. (Do not round intermediate calculations. Round your answers to 3 decimal places.)

rev: 11_19_2018_QC_CS-148734

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