Question
Consider an annual-pay bond with a $1,000 par value and a 7 percent coupon rate, three years remaining to maturity, and a 9 percent yield
Consider an annual-pay bond with a $1,000 par value and a 7 percent coupon rate, three years remaining to maturity, and a 9 percent yield to maturity. The duration of this bond is closest to: Group of answer choices 2.8 years 2.63 years 2.5 years
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Contemporary Economics An Applications Approach
Authors: Robert Carbaugh
8th Edition
1138652199, 978-1138652194
