Calculate the duration of a two-year corporate loan paying 6 percent interest annually, selling at par.The $30,000,000 loan is 100 percent amortizing with annual payments.
A)2 years.
B)1.89 years.
C)1.94 years.
D)1.49 years.
E)1.73 years.

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The Answer of Calculate the duration of a two-year corporate loan paying 6 percent interest annually, selling at par.The $30,000,000 loan is 100 percent amortizing with annual payments.
A)2 years.
B)1.89 years.
C)1.94 years.
D)1.49 years.
E)1.73 years.

Calculate the Duration of a Two-Year Corporate Loan Paying 6