Question
A $1,000 face value bond matures in 13 years, pays interest semiannually, and has a 6.5 percent coupon. The bond is currently selling at par.
A $1,000 face value bond matures in 13 years, pays interest semiannually, and has a 6.5 percent coupon. The bond is currently selling at par. Calculate the bond's interest rate risk.
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Corporate Finance
Authors: Stephen Ross, Randolph Westerfield, Jeffrey Jaffe, Gordon Roberts, Hamdi Driss
8th Canadian Edition
01259270114, 9781259270116
