What is the duration of a two-year bond that pays an annual coupon of 11.8 percent and has a current yield to maturity of 13.8 percent? Use $1,000 as the face value.

What is the duration of a two-year bond that pays an annual coupon of 11.8 percent and has a current yield to maturity of 13.8 percent? Use $1,000 as the face value.