Question
A bond has 18 years left to maturity. With semi-annual coupon of $25 (paid twice a year). The yield to maturity (the rate for equal
A bond has 18 years left to maturity. With semi-annual coupon of $25 (paid twice a year). The yield to maturity (the rate for equal duration and risk bonds is now going for) is 4.5%.
A. What is the Duration of a perpetuity having year to maturity of 5%?
B. What is the Duration of a zero-coupon bond? a Zero Show steps
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Financial Management for Public Health and Not for Profit Organizations
Authors: Steven A. Finkler, Thad Calabrese
4th edition
133060411, 132805669, 9780133060416, 978-0132805667
