8. Consider a bond selling at its par value of$l,OOO , with six years to maturity and...
Question:
8. Consider a bond selling at its par value of$l,OOO , with six years to maturity and a 7% coupon rate (with annual interest payments). Calculate the bond's duration.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Related Book For
Investments
ISBN: 9788120321014
6th Edition
Authors: William F. Sharpe, Gordon J. Alexander, Jeffery V. Bailey
Question Posted: