Assume that the yield curve is flat at 10% and that the expectations theory of the term structure holds.For a bond with 5 years to maturity,an annual coupon rate of 20%,and semi-annual coupon payments occurring at the middle and end of each year,what is the duration as of the beginning of year 3 just after a coupon payment?

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The Answer of Assume that the yield curve is flat at 10% and that the expectations theory of the term structure holds.For a bond with 5 years to maturity,an annual coupon rate of 20%,and semi-annual coupon payments occurring at the middle and end of each year,what is the duration as of the beginning of year 3 just after a coupon payment?

Assume That the Yield Curve Is Flat at 10% and That