Answer:
the duration of a bond is 7 years and 7 months.
Explanation:
The settlement date is the date that the bond transaction is finalized where buyer must make payment and seller deliver the asset.
Duration of the bond will thus be the period between settlement date and the maturity date of the bond. That is June 11, 2018 and December 15, 2027 respectively.
The period between the two dates is 7 years and 7 months.
