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  3. 012. consider a bond with seminnnual coupon paymen

012. Consider a bond with seminnnual coupon payments of $50 and a principal payment of...

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012. Consider a bond with seminnnual coupon payments of $50 and a principal payment of $1,000 in 10 years. Assume a flat yield curve with an 7% yield to maturity. If the yield curve remains unchanged, what is the bond's duration in 9 years? B. 1.014 year c.0.995 year D. 0.983 year E. 0.977 year A. 1.00 year

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