Question
A bond pays annual interest. Its coupon rate is 10.7%. Its value at maturity is $1,000. It matures in 4 years. Its yield to maturity
A bond pays annual interest. Its coupon rate is 10.7%. Its value at maturity is $1,000. It matures in 4 years. Its yield to maturity is currently 7.7%. The duration of this bond is __________ years.
Please solve by hand and without excel.
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Quantitative Financial Risk Management
Authors: Constantin Zopounidis, Emilios Galariotis
1st Edition
1118738187, 978-1118738184
