9-109 What Is the Duration of the Above Treasury Note

question 73

Multiple Choice

9-109 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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