On March 1, 2028, you buy a 10-year bond originally issued on March 1, 2024 with a 5.1% annual coupon. What is the durat

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answerhappygod
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On March 1, 2028, you buy a 10-year bond originally issued on March 1, 2024 with a 5.1% annual coupon. What is the durat

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On March 1, 2028, you buy a 10-year bond originally issued on
March 1, 2024 with a 5.1% annual coupon.
What is the duration stated in years of this bond
as of your purchase date if your expected YTM is 4.5%?
A) 7.65 years
B) 10.00 years
C) 6.0 years
D) 5.10 years
E) 5.33 years
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