Required: a. Find the duration of a 7% coupon bond making annual coupon payments if it...

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Required: a. Find the duration of a 7% coupon bond making annual coupon payments if it has three years until maturity and a yield to maturity of 7.1%. (Do not round intermediate calculations. Round your answers to 4 decimal places.) b. What is the duration if the yield to maturity is 11.1%? (Do not round intermediate calculations. Round your answers to 4 decimal places.) YTM a. 7.1% YTM b. 11.1% YTM Duration Years Years Required: a. Find the duration of a 7% coupon bond making annual coupon payments if it has three years until maturity and a yield to maturity of 7.1%. (Do not round intermediate calculations. Round your answers to 4 decimal places.) b. What is the duration if the yield to maturity is 11.1%? (Do not round intermediate calculations. Round your answers to 4 decimal places.) YTM a. 7.1% YTM b. 11.1% YTM Duration Years Years