Question
a. 1.92 b. 1.50 c. 1.90 d. none of the above Assume a bond with a $1,000 par value and an 11 percent coupon rate,
| a. | 1.92 |
| b. | 1.50 |
| c. | 1.90 |
| d. | none of the above
|
Assume a bond with a $1,000 par value and an 11 percent coupon rate, two years remaining to maturity, and a 10 percent yield to maturity. The duration of this bond is ____ years.
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Financial Management
Authors: I.M. Pandey
11th Edition
9325982293, 978-9325982291
