Find the duration of a 76 coupon bond making annual coupon


a. Find the duration of a 7.6% coupon bond making annual coupon payments if it has three years until maturity and has a yield to maturity of 7.6%. Note: The face value of the bond is $1,000. (Do not round intermediate calculations. Round your answers to 3 decimal places.)

b. What is the duration if the yield to maturity is 12%? Note: The face value of the bond is $1,000. (Do not round intermediate calculations. Round your answers to 3 decimal places.)

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Financial Management: Find the duration of a 76 coupon bond making annual coupon
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