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

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