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-What Is the Duration of the Above Treasury Note? Use

Question 97

Multiple Choice

 Rate  Maturity  Ask  Change  Ask yield 7.1250 Oct 15,2005 102:0815.9156\begin{array} { | l | l | l | l | l | } \hline \text { Rate } & \text { Maturity } & \text { Ask } & \text { Change } & \text { Ask yield } \\\hline 7.1250 & \text { Oct 15,2005 } & 102 : 08 & - 1 & 5.9156 \\\hline\end{array}
-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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