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A particular bond pays $4580 at the end of 1 year, $3270 at the end of 2 years and $5640 at the end of
A particular bond pays $4580 at the end of 1 year, $3270 at the end of 2 years and $5640 at the end of 3 years. The yield to maturity for the bond is 0.11. What is the present value of this bond? (Answer to 2 decimal places) What is the duration of this bond? (Answer to 2 decimal places)
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Using Excel & Access for Accounting 2010
Authors: Glenn Owen
3rd edition
1111532672, 978-1111532673
