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5. Consider the following bonds: YTM (%) Coupon Rate (%) Years to maturity 5 10 Bond 3 a. b. c. d. Calculate the duration for
5. Consider the following bonds: YTM (%) Coupon Rate (%) Years to maturity 5 10 Bond 3 a. b. c. d. Calculate the duration for each of these $100 par, annual coupon bonds How does time to maturity affect the duration of a bond? Why? How does YTM affect the duration of a bond? Why? How does the coupon rate affect the duration of a bond? Why
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