Question
Consider a bond with a face value of $1,000, an annual coupon rate of 11 percent, a yield to maturity of 12 percent, and 10
Consider a bond with a face value of $1,000, an annual coupon rate of 11 percent, a yield to maturity of 12 percent, and 10 years to maturity. This bond's duration is:
A. 7.5 years
B. 6.4 years
C. 8.8 years
D. 5.3 years
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Strategic Public Finance
Authors: Stephen Bailey
1st Edition
0333922212, 978-033392221
