Question: Question 3 10 Points Consider a bond with annual coupon payments of $100 and a principal payment of $1,000 in 10 years. Assume a flat

Question 3 10 Points Consider a bond with annual coupon payments

Question 3 10 Points Consider a bond with annual coupon payments of $100 and a principal payment of $1,000 in 10 years. Assume a flat yield curve with an 8% yield to maturity. If the yield curve remains unchanged, what is the bond's duration in seven years? A) 2.14 B) 2.34 c 2.54 D) 2.74 E 2.94

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