Question
A bond has a face value of $1000 and coupon payments of $70 annually. Market interest rates are 5.5%. This bond matures in three years
A bond has a face value of $1000 and coupon payments of $70 annually. Market interest rates are 5.5%. This bond matures in three years and is selling in the market for $1,040.47. What is this bond's duration?
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The Art Of M And A A Merger Acquisition Buyout Guide
Authors: Stanley Foster Reed, Alexandria Lajoux , H. Peter Nesvold
4th Edition
0071714952, 9780071714952
