Question
A bond has 4 years to maturity, a coupon of 6 percent paid annually and currently sells at par. What is the duration of the
A bond has 4 years to maturity, a coupon of 6 percent paid annually and currently sells at par. What is the duration of the bond?
| 3.67 years |
| 3.82 years |
| 4.6 years |
Please show the solution in detail to get to one of the choices offered above.
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Local Public Finance
Authors: René Geissler, Gerhard Hammerschmid, Christian Raffer
1st Edition
3030674681, 978-3030674687
