Question
9.) A bond has a face value of $1,000 and 4 years to maturity. It pays a 3% annual coupon and has a 2% yield
9.) A bond has a face value of $1,000 and 4 years to maturity. It pays a 3% annual coupon and has a 2% yield to maturity. a.) Compute this bonds duration.b.) What is this bonds modified duration?
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Fundamentals Of Financial Management
Authors: Eugene F. Brigham, Joel F. Houston
16th Edition
0357517571, 978-0357517574
