Question
A semiannual payment bond with a $1,000 par has a 7 percent quoted coupon rate, a 6 percent promised YTM, and 2 years to maturity.
A semiannual payment bond with a $1,000 par has a 7 percent quoted coupon rate, a 6 percent promised YTM, and 2 years to maturity. What is the bond's duration?
| 1.78 years. |
| 1.90 years. |
| 1.80 years. |
| 1.83 years. |
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Financial Management Theory and Practice
Authors: Eugene Brigham, Michael Ehrhardt, Jerome Gessaroli, Richard Nason
2nd Canadian edition
176517308, 978-0176517304
