Question
Calculate the duration of the security below, using an 8% interest rate. End of period 1 payment $20 End of period 2 payment: $20
Calculate the duration of the security below, using an 8% interest rate. End of period 1 payment $20 End of period 2 payment: $20 End of period 3 payment: $120 Write your answer to two digits, e.g., 2.22 (X.XX)
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Investments Analysis and Management
Authors: Charles P. Jones
12th edition
978-1118475904, 1118475909, 1118363299, 978-1118363294
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