Question
A 2-year bond with a 6% (not 12%) coupon rate has a YTM of 15%. What is the duration of the bond using the closed-end
A 2-year bond with a 6% (not 12%) coupon rate has a YTM of 15%. What is the duration of the bond using the closed-end method (i.e. long formula)? (Assume semi-annual compounding)
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Foundations Of Finance
Authors: Arthur J. Keown, John H. Martin, J. William Petty
10th Edition
0135160618, 978-0135160619
