Question: Par value $100.00 Coupon rate 4% Frequency 2 per year Yield-to-maturity 6% Term to maturity 3 years Whats the Macauley duration of the bond? A.

Par value

$100.00

Coupon rate

4%

Frequency

2 per year

Yield-to-maturity

6%

Term to maturity

3 years

Whats the Macauley duration of the bond?

A. 2.15 years

B. 2.43 years

C. 2.85 years

D. 2.67 year

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