Question
(b) XYZ bank purchased Bank of Ghana bond that pays a nnual coupon of 19% in January 2010. The face value of the bond is
(b) XYZ bank purchased Bank of Ghana bond that pays a nnual coupon of 19% in January 2010. The face value of the bond is GHS 5m. What is the duration of this bond if the yield t o maturity on the bond is 15%? (5 Marks)
please help
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started
Contemporary Issues In Development Finance
Authors: Joshua Yindenaba Abor, Robert Lensink, Charles Komla Delali Adjasi
1st Edition
1138324329, 978-1138324329
