Question: This answer was wrong, Can someone please help be solve this (rounded to FOUR decimal places). Thank you! A bond currently sells for $1, 050,

This answer was wrong, Can someone please help be solve this

This answer was wrong, Can someone please help be solve this (rounded to FOUR decimal places). Thank you!

A bond currently sells for $1, 050, which gives it a yield to maturity of 6%. Suppose that if the yield increases by 25 basis points, the price of the bond falls to $1, 025. What is the duration of this bond? (Do not round intermediate calculations. Round your answer to 4 decimal places.)

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