Question $29$

A $3-$year annual bond with a coupon of $4\mathrm{.}00\%$ is trading at a yield of $3\mathrm{.}88\%.$ What is this bond's Macaulay duration?

$3\mathrm{.}46$

$3\mathrm{.}00$

$2\mathrm{.}89$

$2\mathrm{.}56$