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A zero-coupon bond is selling at a discount price of $420, and its time to maturity is 14 years. If the yield to maturity of
A zero-coupon bond is selling at a discount price of $420, and its time to maturity is 14 years. If the yield to maturity of the bond is 6.4%, what is the duration of the bond?
| 5 years | ||
| 7 years | ||
| 10 years | ||
| 14 years |
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Global Corporate Finance A Focused Approach
Authors: Kenneth A. Kim
1st Edition
9814335827, 9789814335829
