Question: Incorrect Question 3 0 / 1 pts A pension plan is obligated to make disbursements of $1 million, $2 million, and $1 million at the

Incorrect Question 3 0 / 1 pts A pension plan is obligated to make disbursements of $1 million, $2 million, and $1 million at the end of each of the next three years, respectively. Find the duration of the plan's obligations if the interest rate is 10% annually. (Do not round intermediate calculations. Round your answer to 4 decimal places.) 0.3154 Incorrect Question 4 0/1 pts A bond currently sells for $1,050, which gives it a yield to maturity of 6%. Suppose that if the yield increases by 25 basis points, the price of the bond falls to $1,025. What is the duration of this bond? (Do not round intermediate calculations. Round your answer to 4 decimal places.) 10.0952

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