Find the duration of a 6.4% coupon bond making annual coupon payments if it has 3 years until maturity and has a yield to maturity of 6.4%.
What is the duration if the yield to maturity is 10%? Note: The value of the bond is $1,000. Do not round intermediate calculations. Round your answer to 2 decimal places.
6.4%YTM is _____ years
10%YTM is______ years