Question: Consider a security selling at par with a face value of $100 000 to be repaid at maturity. The maturity of the security is two

  1. Consider a security selling at par with a face value of $100 000 to be repaid at maturity. The maturity of the security is two years. The coupon rate is 9% per annum and coupon payments are made annually. The current discount rate is 9% per annum. What is the security's duration (round your answer to two decimals)?

    2 years

    2.12 years

    1.92 years

    1.81 years

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