Question
A bond has a face value of $1,000, an annual coupon rate of 3.70%, an yield to maturity of 7.4%, makes 2 (semi-annual) coupon payments
A bond has a face value of $1,000, an annual coupon rate of 3.70%, an yield to maturity of 7.4%, makes 2 (semi-annual) coupon payments per year, and 6 periods to maturity (or 3 years to maturity). Determine the duration of this bond.
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Bond Markets Analysis And Strategies
Authors: Frank J.Fabozzi
7th Edition
0136078974, 978-0136078975
