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Consider a bond with a face value of $1,000,10% annual coupons, and two years of maturity. Its current yield to maturity is 0%. Q17 (4
Consider a bond with a face value of $1,000,10% annual coupons, and two years of maturity. Its current yield to maturity is 0%. Q17 (4 pts) What is the bond's price? A. $826.45 B. $1,000 C. $1,100 D. $1,200 E. Not enough information to determine. Q18 (4 pts) What is the bond's duration? A. 1.75 years B. 1.83 years C. 1.92 years D. 2 years E. Not enough information to determine Step by Step Solution
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Public Finance
Authors: Laurence S. Seidman
1st Edition
0073375748, 978-0073375748
