Question
A 1000-par value bond has a coupon rate of 6%. The bond has 8 years left to maturity and the markets required yield to maturity
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A 1000-par value bond has a coupon rate of 6%. The bond has 8 years left to maturity and the markets required yield to maturity for similarly rated debt is 5%. What is the duration of the bond? If the maturity increases to 12 years, what would be the changes of duration?
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Managing The Audit Function A Corporate Audit Department Procedures Guide
Authors: Michael P. Cangemi
2nd Edition
0471012556, 978-0471012559
