Find the duration of a 4 coupon bond making annual coupon


Find the duration of a 4% coupon bond making annual coupon payments if it has 3 years until maturity and has a yield to maturity of 4%. If the yield to maturity is 6%, what is the duration?

The face value of the bond is $1,000. Complete the missing information.

Duration    

4% YTM  ______years    

6% YTM  ______years

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