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A 5 - year bond with a yield of 7 % ( continuously compounded ) pays an 8 % coupon at the end of each

A $5 -$ year bond with a yield of $7 % ($ continuously compounded $)$ pays an $8 %$ coupon at the end of each year. What is the bond's price? What is the bond's duration? Use the duration to calculate the effect on the bond's price of a $0.2 %$ decrease in its yield.

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A 5 - year bond with a yield of 7 % ( continuously compounded ) pays an 8 % coupon at the end of each

A 5-year bond with a yield of 7%(continuously compounded) pays an 8% coupon at the end of each year. What is the bond's price? What is the bond's duration? Use the duration to calculate the effect on the bond's price of a 0.2% decrease in its yield.

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A $5 -$ year bond with a yield of $7 % ($ continuously compounded $)$ pays an $8 %$ coupon at the end of each year. What is the bond's price? What is the bond's duration? Use the duration to calculate the effect on the bond's price of a $0.2 %$ decrease in its yield.