Question: Problem 3 - 2 9 ( LG 3 - 6 ) a . What is the duration of a two - year bond that pays

Problem 3-29(LG 3-6)
a. What is the duration of a two-year bond that pays an annual coupon of 11.2 percent and has a current yield to maturity of 13.2 percent? Use $1,000 as the face value. (Do not round intermediate calculations. Round your answer to 4 decimal places. (e.g.,32.1616))
b. What is the duration of a two-year zero-coupon bond that is yielding 11.5 percent? Use $1,000 as the face value.
\table[[,,],[a.,Duration,,years],[b.,Duration,,years]]
 Problem 3-29(LG 3-6) a. What is the duration of a two-year

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