Question: Problem 3 - 3 6 ( LG 3 - 7 ) The answers in the picture are wrong Consider the following. a . What is

Problem 3-36(LG 3-7) The answers in the picture are wrong
Consider the following.
a. What is the duration of a four-year Treasury bond with a 10 percent semiannual coupon selling at par?
b. What is the duration of a three-year Treasury bond with a 10 percent semiannual coupon selling at par?
c. What is the duration of a two-year Treasury bond with a 10 percent semiannual coupon selling at par?
(For all requirements, do not round intermediate calculations. Round your answers to 2 decimal places. (e.g.,32.16))
Answer is complete but not entirely correct.
 Problem 3-36(LG 3-7) The answers in the picture are wrong Consider

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