Question
1. Calculate duration of a one year semiannual 4% coupon bond, 1000 par, with a 5% YTM. For this question find all answers to at
1. Calculate duration of a one year semiannual 4% coupon bond, 1000 par, with a 5% YTM. For this question find all answers to at least the 6th decimal place. Us this infrmation to calculate the price of this bond. Use the bond's price to calculate the duration of the bond. Please fill in below your answer for the bond's duration.
Note: The correct answer is 0.9901. please explain?
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A First Course in Quantitative Finance
Authors: Thomas Mazzoni
1st edition
9781108411431, 978-1108419574
