-What Is the Duration of the Above Treasury Note? Use

Multiple Choice

$$\begin{array} { | l | l | l | l | l | } \hline \text { Rate } & \text { Maturity } & \text { Ask } & \text { Change } & \text { Ask yield } \\\hline 7.1250 & \text { Oct 15,2005 } & 102 : 08 & - 1 & 5.9156 \\\hline\end{array}$$
-What is the duration of the above Treasury note? Use the asked price to calculate the duration. Recall that Treasuries pay interest semiannually.

A) 3.86 years.
B) 1.70 years.
C) 2.10 years.
D) 1.90 years.
E) 3.40 years.