Question
Calculate the duration of a $1,000 face value bond with annual coupon payments, a coupon rate of 7 percent, a maturity of 4 years, and
Calculate the duration of a $1,000 face value bond with annual coupon payments, a coupon rate of 7 percent, a maturity of 4 years, and a yield to maturity of 8.2 percent.
| 3.49 years | ||
| 3.62 years | ||
| 3.69 years | ||
| 3.81 years | ||
| 3.74 years |
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Investment Analysis And Portfolio Management
Authors: Frank K. Reilly, Keith C. Brown
9th Edition
0324656122, 978-0324656121
