US Treasury Quotes from the WSJ on Oct

question 109

Multiple Choice

U.S. Treasury quotes from the WSJ on Oct. 15, 2003: What is the duration of the above Treasury note? Use the asked price to calculate the duration. Recall that Treasuries pay interest semiannually.

• A)3.86 years.
• B)1.70 years.
• C)2.10 years.
• D)1.90 years.
• E)3.40 years.

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