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.
[Refer to: 9-119]
Correct Answer:
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