An international bond investor has gathered the following information on a 10 - year, annualpay U. S. corporate bond: Currently trading at par value Annual coupon of 10% Estimated price if rates increase 50 basis points is 96.99% Estimated price is rates decrease 50 basis points is 103.14% The bond’s duration is closest to:()
A. 6.58.
B. 0.62.
C. 6.15.