Question
A bond pays annual coupons. The coupon rate is 9%, the par value is $1,000. It matures in 4 years and the yield to maturity
A bond pays annual coupons. The coupon rate is 9%, the par value is $1,000. It matures in 4 years and the yield to maturity is currently 5%. What is the duration of the bond?
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Focus On Personal Finance
Authors: Jack Kapoor, Les Dlabay, Robert Hughes, Melissa Hart
6th Edition
125991965X, 978-1259919657
